The Fair Share Report
15 Laurel 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 $1,155,751 – $1,865,915, 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 $1,396,594 home should be assessed near $1,416,286.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $216,186 below what the ratio math suggests (15.3%).
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
59%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% |
| 8 GLENWOOD AVE | 2025-02 | $1,420,000 | 2,922 | 108.5% |
| 129 KNICKERBOCKER RD | 2025-12 | $1,175,000 | 2,600 | 93.7% |
| 22 STELFOX ST | 2025-06 | $1,800,000 | 2,706 | 81.4% |
| 27 CENTRAL AVE | 2025-11 | $1,850,000 | 2,873 | 95.1% |
| 39 DRURY LA | 2026-03 | $1,690,000 | 2,523 | 88.1% |
| 109 LAKE RD | 2025-08 | $1,860,000 | 2,460 | 83.5% |
| 45 DEMAREST AVE | 2025-10 | $1,210,000 | 2,520 | 84.9% |
| 23 STELFOX ST | 2026-04 | $1,685,000 | 2,426 | 78.8% |
| 91 STEWART ST | 2026-01 | $1,250,000 | 2,678 | 84.1% |
| 18 RUTH LANE | 2026-01 | $1,130,000 | 2,149 | 86.3% |
| 18 RUTH LANE | 2025-09 | $891,000 | 2,149 | 109.4% |
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