The Fair Share Report
12 Second St
Mount Olive, NJ 07828
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 $340,873 – $491,925, from 12 comparable Mount Olive 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 Mount Olive assessments sit below market value — republished every October, applied town-wide. A $415,575 home should be assessed near $274,778.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $98,878 below what the ratio math suggests (36.0%).
Step 4 · The tax rate — same for every Mount Olive home
$2.310 Schools · 69% $0.345 County · 10% $0.711 Town · 21%
Step 5 · The bill
This home vs. every recent Mount Olive sale · assessed ÷ market
30%82%
Paying about right
This home's ratio lands inside Mount Olive'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 |
|---|---|---|---|---|
| 9 HATAKAWANNA TER | 2025-07 | $460,000 | 1,168 | 44.5% |
| 9 PROSPECT AVE | 2026-04 | $415,000 | 1,000 | 44.0% |
| 31 LOZIER RD | 2025-01 | $285,000 | 962 | 69.7% |
| 5 BABS RD | 2025-11 | $460,000 | 1,536 | 43.0% |
| 5 BABS RD | 2025-08 | $330,000 | 1,536 | 59.9% |
| 24 FOREST RD | 2025-07 | $355,000 | 1,008 | 49.8% |
| 154 SAND SHORE RD | 2026-01 | $320,000 | 986 | 52.0% |
| 5 LAKEVIEW AVE | 2026-03 | $224,000 | 948 | 74.8% |
| 13 STONEWALD CT DR | 2026-06 | $447,000 | 1,092 | 47.0% |
| 14 STONEWALD RD | 2026-02 | $415,000 | 836 | 41.0% |
| 6 FOREST RD | 2026-02 | $325,000 | 916 | 55.7% |
| 32 OUTLOOK AVE | 2025-08 | $401,000 | 1,523 | 51.7% |
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