The Fair Share Report
15 County Rd
Demarest, NJ 07627
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Demarest's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $1,359,133 – $2,072,750, from 12 comparable Demarest 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 Demarest assessments sit below market value — republished every October, applied town-wide. A $1,929,404 home should be assessed near $1,956,609.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $107,909 below what the ratio math suggests (5.5%).
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
74%141%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 424 PIERMONT RD | 2025-07 | $1,169,000 | 3,572 | 103.0% |
| 22 MEADOW ST | 2025-06 | $1,320,000 | 3,249 | 94.4% |
| 44 PINE TERRACE | 2025-09 | $2,700,000 | 4,785 | 84.1% |
| 337 HARDENBURGH AVE | 2026-04 | $2,850,000 | 4,216 | 90.5% |
| 151 SOUTH ST | 2025-05 | $1,950,000 | 4,034 | 101.4% |
| 11 MARGARET CT | 2025-08 | $1,680,000 | 3,139 | 93.4% |
| 8 COUNTRY CLUB WAY | 2025-11 | $2,300,000 | 4,226 | 103.2% |
| 8 COUNTRY CLUB WAY | 2025-06 | $2,150,000 | 4,226 | 110.4% |
| 108 SERPENTINE RD | 2025-11 | $2,100,000 | 3,644 | 88.0% |
| 106 PRESCOTT ST | 2026-05 | $1,116,000 | 4,262 | 107.0% |
| 124 CROSS ST | 2025-06 | $2,027,000 | 3,777 | 91.0% |
| 8 BLANCHE AVE | 2025-05 | $2,800,000 | 3,877 | 88.7% |
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