The Fair Share Report
121 Third St
Brooklawn, NJ 08030
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 $295,991 – $391,842, from 10 comparable Brooklawn 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 Brooklawn assessments sit below market value — republished every October, applied town-wide. A $326,667 home should be assessed near $174,604.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $22,504 below what the ratio math suggests (12.9%).
Step 4 · The tax rate — same for every Brooklawn home
$1.451 Schools · 33% $0.930 County · 21% $2.052 Town · 46%
This home's own bill implies $4.270 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Brooklawn sale · assessed ÷ market
30%67%
Paying about right
This home's ratio lands inside Brooklawn'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 |
|---|---|---|---|---|
| 107 PARIS AVE | 2025-09 | $327,000 | 1,964 | 40.6% |
| 101 FOURTH ST | 2025-01 | $250,000 | 2,030 | 45.2% |
| 201 BROWNING LN | 2025-10 | $180,000 | 1,932 | 77.0% |
| 204 PENNSYLVANIA RD | 2025-04 | $251,000 | 1,638 | 39.5% |
| 201 PENNSYLVANIA RD | 2025-05 | $250,000 | 1,509 | 40.1% |
| 407 CRESCENT BLVD | 2025-04 | $250,000 | 1,170 | 39.9% |
| 230 NEW JERSEY RD | 2025-08 | $235,000 | 1,068 | 43.7% |
| 202 NEW BROADWAY | 2025-11 | $190,000 | 976 | 42.2% |
| 405 HAAKON RD | 2025-12 | $264,000 | 1,439 | 44.4% |
| 406 CHESTNUT ST | 2025-06 | $270,000 | 1,118 | 40.0% |
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