The Fair Share Report

136 Patrick Ave

Emerson, NJ 07630

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

≈ $1,014,970

Likely range $886,786 – $1,093,777, from 12 comparable Emerson sales in the past 18 months, at this home's 2,812 sq ft.

Step 2 · The Director's Ratio

66.48%

The state's official measure of how far Emerson assessments sit below market value — republished every October, applied town-wide. A $1,014,970 home should be assessed near $674,752.

Step 3 · Assessed value

$656,800

Set at the last town-wide revaluation and mostly frozen since. That's $17,952 below what the ratio math suggests (2.7%).

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

$3.419 per $100 assessed

$2.044 Schools · 60% $0.329 County · 10% $1.046 Town · 31%

Step 5 · The bill

$22,463/yr
Public schools$13,429
Bergen County$2,162
Town of Emerson$6,872
Emerson average$15,311

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

Town median 55.8%
This home · 64.7%

43%82%

Paying about right

This home's ratio lands inside Emerson'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
11 PATRICK AVE2026-01$1,100,0002,82864.2%
12 ROBYN CT2025-12$999,9993,17179.6%
23 JOHN ST2026-02$810,0002,90371.0%
67 SHERWOOD CT2025-06$1,220,0002,83145.9%
12 BELMONT AVENUE2026-03$845,0002,18861.7%
61 CINDY LN2025-05$950,0002,63257.5%
150 HIGHLAND AVE2025-11$880,0002,53255.4%
140 VIVIAN AVE2025-11$940,0002,47049.0%
67 EMWOOD DR2026-03$910,0002,59356.1%
122 COLONIAL RD2025-07$1,140,0002,68248.2%
58 KINDERKAMACK ROAD2025-12$480,00052.1%
58 KINDERKAMACK ROAD2025-05$425,00069.1%

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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 →