The Fair Share Report
157 Maple St
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 $2,049,218 – $2,566,127, 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 $2,213,798 home should be assessed near $682,071.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $109,771 below what the ratio math suggests (16.1%).
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
16%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 |
|---|---|---|---|---|
| 49 NORWOOD AVE | 2026-05 | $2,500,000 | 2,876 | 21.3% |
| 33 CROMWELL PKWY | 2025-12 | $2,489,000 | 3,052 | 24.2% |
| 69 ELM ST | 2026-06 | $2,300,000 | 2,845 | 20.6% |
| 18 PINE RIDGE DR | 2026-06 | $2,325,000 | 3,178 | 23.3% |
| 1 LORRAINE RD | 2025-04 | $2,175,000 | 2,491 | 22.3% |
| 25 DOGWOOD DR | 2026-06 | $2,999,000 | 3,053 | 19.8% |
| 15 CREST ACRE CT | 2026-04 | $1,499,000 | 2,567 | 51.5% |
| 164 KENT PLACE BLVD | 2025-01 | $1,699,000 | 2,646 | 21.8% |
| 10 WESTMINSTER RD | 2026-05 | $2,650,000 | 3,350 | 24.3% |
| 84 PINE GROVE AVE | 2026-06 | $2,250,000 | 3,230 | 26.0% |
| 26 HAWTHORNE PL | 2025-04 | $2,200,000 | 3,133 | 29.6% |
| 226 MOUNTAIN AVE | 2026-06 | $1,680,000 | 2,618 | 22.4% |
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