The Fair Share Report
12 Maple Ave
Mendham, NJ 07945
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 $561,029 – $776,252, from 12 comparable Mendham 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 Mendham assessments sit below market value — republished every October, applied town-wide. A $675,435 home should be assessed near $485,030.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $114,030 below what the ratio math suggests (23.5%).
Step 4 · The tax rate — same for every Mendham home
$1.661 Schools · 66% $0.302 County · 12% $0.563 Town · 22%
Step 5 · The bill
This home vs. every recent Mendham sale · assessed ÷ market
42%88%
Paying about right
This home's ratio lands inside Mendham's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 16 WEXFORD DR | 2025-07 | $735,000 | 1,676 | 48.9% |
| 63 MOUNTAIN AVE | 2026-05 | $900,000 | 1,800 | 54.6% |
| 19 WEXFORD DR | 2025-04 | $620,000 | 1,820 | 58.9% |
| 23 ABERDEEN DR SOUTH | 2025-11 | $700,000 | 1,522 | 46.3% |
| 18 PEMBROKE DR | 2025-05 | $605,000 | 1,540 | 53.8% |
| 54 WEXFORD DR | 2026-04 | $620,000 | 1,808 | 54.0% |
| 67 HAMPSHIRE DR | 2026-06 | $600,000 | 1,489 | 55.1% |
| 79 HAMPSHIRE DR | 2025-09 | $579,000 | 1,489 | 60.8% |
| 31 WEXFORD DR | 2025-06 | $750,000 | 2,272 | 53.5% |
| 32 WEXFORD DR | 2025-11 | $670,000 | 2,288 | 60.3% |
| 41 HAMPSHIRE DR | 2025-02 | $715,000 | 2,542 | 59.7% |
| 61 GALWAY DR | 2025-08 | $762,000 | 2,292 | 48.8% |
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