The Fair Share Report
12 Ely Rd
Holmdel, NJ 07733
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $787,608 – $926,588, from 12 comparable Holmdel sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Holmdel assessments sit below market value — republished every October, applied town-wide. A $817,382 home should be assessed near $815,257.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $118,143 above what the ratio math suggests (14.5%).
Step 4 · The tax rate — same for every Holmdel home
$1.063 Schools · 69% $0.207 County · 13% $0.268 Town · 17%
This home's own bill implies $1.405 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Holmdel sale · assessed ÷ market
84%124%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $1,817/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1 GALES CT | 2025-04 | $854,000 | 2,116 | 97.0% |
| 8 OVERLOOK DRIVE | 2025-04 | $860,000 | 2,330 | 103.3% |
| 4 ROSEDALE TER | 2026-06 | $875,000 | 2,316 | 100.6% |
| 11 MOUNT DRIVE | 2026-06 | $1,200,000 | 2,304 | 89.7% |
| 8 DONNER ST | 2025-05 | $850,000 | 2,275 | 110.3% |
| 13 OLD MILL RD | 2025-01 | $825,000 | 2,166 | 119.2% |
| 6 DEERCREST DR | 2025-01 | $989,900 | 2,334 | 92.3% |
| 6 STONEHENGE DR | 2025-04 | $820,000 | 2,412 | 103.9% |
| 6 FLORA DR | 2026-04 | $1,477,500 | 2,515 | 72.3% |
| 4 PARKWAY PLACE EAST | 2026-01 | $960,000 | 2,469 | 101.2% |
| 34 S HOLMDEL RD | 2025-05 | $800,000 | 2,435 | 89.8% |
| 2 OVERLOOK DRIVE | 2025-05 | $810,000 | 2,580 | 107.1% |
Is this your house?
Run your own report →