The Fair Share Report
13 Stiles Rd
Summit, NJ 07901
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 $770,805 – $1,305,723, from 12 comparable Summit 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 Summit assessments sit below market value — republished every October, applied town-wide. A $1,128,669 home should be assessed near $347,743.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $95,643 below what the ratio math suggests (27.5%).
Step 4 · The tax rate — same for every Summit home
$2.335 Schools · 52% $1.092 County · 24% $1.043 Town · 23%
Summit also levies a Special Improvement District charge inside its district boundaries — the county roll doesn't say which homes are in it, but a bill's "IMPROVEMENT DISTRICT" line does. District homes pay $4.654 per $100 all-in (+$0.184).
Step 5 · The bill
This home vs. every recent Summit sale · assessed ÷ market
14%41%
Paying about right
This home's ratio lands inside Summit'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 |
|---|---|---|---|---|
| 11 EUCLID AVENUE UNIT 4D | 2026-05 | $695,000 | 1,367 | 34.9% |
| 17 BEEKMAN TERR | 2026-04 | $1,160,000 | 1,317 | 27.6% |
| 147 CANOE BROOK PKWY | 2025-11 | $1,700,000 | 2,021 | 21.5% |
| 14 HARVARD ST | 2025-05 | $979,000 | 1,605 | 28.5% |
| 67-75 NEW ENGLAND AVE 71B | 2025-02 | $900,000 | 1,688 | 27.2% |
| 1 EUCLID AVE APT 4-C | 2025-09 | $1,078,000 | 1,302 | 21.2% |
| 1 EUCLID AVE APT 3-B | 2026-06 | $1,460,000 | 1,720 | 20.0% |
| 1 EUCLID AVE APT 3-B | 2025-08 | $1,450,000 | 1,720 | 20.1% |
| 44 STANLEY AVE | 2025-07 | $999,999 | 1,774 | 27.5% |
| 4 MIDLAND TERR | 2025-11 | $1,485,000 | 1,476 | 22.3% |
| 14 EUCLID AVENUE UNIT 102 | 2026-06 | $1,600,000 | 1,662 | 24.0% |
| 172 COLONIAL RD | 2025-10 | $1,100,000 | 1,458 | 22.6% |
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