The Fair Share Report
125 Cornelia St
E Rutherford, NJ 07073
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 $509,628 – $627,308, from 12 comparable East Rutherford 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 East Rutherford assessments sit below market value — republished every October, applied town-wide. A $600,554 home should be assessed near $613,406.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $144,306 below what the ratio math suggests (23.5%).
Step 4 · The tax rate — same for every East Rutherford home
$0.926 Schools · 58% $0.236 County · 15% $0.446 Town · 28%
This home's own bill implies $1.556 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent East Rutherford sale · assessed ÷ market
69%105%
Paying about right
This home's ratio lands inside East Rutherford'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 |
|---|---|---|---|---|
| 104 RIVER RENAISSANCE | 2025-05 | $450,000 | 1,241 | 86.2% |
| 11-B TRIUMPH CT | 2025-04 | $627,000 | 1,608 | 77.0% |
| 200 PATERSON AVE #1A | 2026-03 | $430,000 | 1,102 | 85.4% |
| 132 UNION AVENUE #405A | 2026-05 | $560,000 | 1,267 | 82.9% |
| 309 RIVER RENAISSANCE | 2025-02 | $505,000 | 1,116 | 79.8% |
| 156 MAIN ST | 2025-02 | $513,000 | 936 | 81.6% |
| 34 BOBBINK TERR | 2026-05 | $646,000 | 1,382 | 88.3% |
| 96 PROSPECT TERR | 2026-02 | $655,000 | 1,709 | 87.9% |
| 28 WILLOW WOOD SQ | 2026-04 | $355,000 | 845 | 85.1% |
| 275 LAUREL PL | 2025-05 | $670,000 | 1,534 | 84.1% |
| 101 CARLTON AVE | 2025-03 | $465,000 | 984 | 90.0% |
| 34-A TRIUMPH CT | 2025-05 | $436,500 | 804 | 78.0% |
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