The Fair Share Report
129 Knickerbocker Rd
Demarest, NJ 07627
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 $1,194,487 – $1,566,138, from 12 comparable Demarest sales in the past 18 months, at this home's 2,600 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Demarest assessments sit below market value — republished every October, applied town-wide. A $1,263,518 home should be assessed near $1,281,334.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $180,334 below what the ratio math suggests (14.1%).
Step 4 · The tax rate — same for every Demarest home
$1.149 Schools · 64% $0.219 County · 12% $0.438 Town · 24%
Step 5 · The bill
This home vs. every recent Demarest sale · assessed ÷ market
65%115%
Paying about right
This home's ratio lands inside Demarest'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 |
|---|---|---|---|---|
| 103 NORTHWOOD AVE | 2025-11 | $1,055,000 | 2,495 | 102.0% |
| 9 HERITAGE CT | 2025-01 | $1,598,000 | 2,225 | 76.5% |
| 45 DEMAREST AVE | 2025-10 | $1,210,000 | 2,520 | 84.9% |
| 123 LENOX AVE | 2025-07 | $1,090,000 | 2,417 | 83.3% |
| 18 RUTH LANE | 2026-01 | $1,130,000 | 2,149 | 86.3% |
| 18 RUTH LANE | 2025-09 | $891,000 | 2,149 | 109.4% |
| 29 JOHN ST | 2025-06 | $1,200,000 | 2,612 | 83.2% |
| 88 WOODLAND RD | 2025-07 | $1,825,000 | 2,508 | 76.7% |
| 91 STEWART ST | 2026-01 | $1,250,000 | 2,678 | 84.1% |
| 72 HIGHLAND AVE | 2025-04 | $1,300,000 | 2,389 | 77.2% |
| 8 GLENWOOD AVE | 2025-02 | $1,420,000 | 2,922 | 108.5% |
| 6 ISABELLA WAY | 2025-07 | $1,300,000 | 2,676 | 85.2% |
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