The Fair Share Report

136 E 7th Ave

Roselle, NJ 07203

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.

Step 1 · Market value

≈ $409,403

Likely range $351,722 – $488,084, from 12 comparable Roselle sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

28.06%

The state's official measure of how far Roselle assessments sit below market value — republished every October, applied town-wide. A $409,403 home should be assessed near $114,878.

Step 3 · Assessed value

$82,700

Set at the last town-wide revaluation and mostly frozen since. That's $32,178 below what the ratio math suggests (28.0%).

Step 4 · The tax rate — same for every Roselle home

$9.146 per $100 assessed

$3.297 Schools · 36% $1.177 County · 13% $4.673 Town · 51%

Step 5 · The bill

$7,565/yr
Public schools$2,727
Union County$973
Town of Roselle$3,865
Roselle average$11,228

This home vs. every recent Roselle sale · assessed ÷ market

Town median 24.2%
This home · 20.2%

11%39%

Paying about right

This home's ratio lands inside Roselle's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
626 MEADOW ST2025-08$428,60095822.1%
407 E 10TH AVE2025-12$365,00096025.4%
943 DRAKE AVE2026-05$490,00095719.7%
916 SHERIDAN AVE2025-09$480,00090525.6%
1115 FRANK ST2025-12$400,0001,02231.1%
572 W 9TH AVE2025-09$475,0001,02023.4%
206 AMSTERDAM AVE2026-03$385,00094826.6%
398 W 4TH AVE2025-05$475,00097427.1%
540 E 3RD AVE2026-04$400,0001,08021.6%
1008 DRAKE AVE2025-03$380,00093225.0%
437 WHEATSHEAF RD2025-05$480,00083019.8%
513 HARRISON AVE2025-07$299,5001,01633.5%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →