The Fair Share Report
159 7th St
Cresskill, NJ 07626
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 $1,834,024 – $2,637,663, from 12 comparable Cresskill 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 Cresskill assessments sit below market value — republished every October, applied town-wide. A $2,216,271 home should be assessed near $1,747,530.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $126,670 above what the ratio math suggests (7.2%).
Step 4 · The tax rate — same for every Cresskill home
$1.256 Schools · 55% $0.262 County · 12% $0.750 Town · 33%
This home's own bill implies $2.087 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Cresskill sale · assessed ÷ market
64%108%
Paying about right
This home's ratio lands inside Cresskill'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 |
|---|---|---|---|---|
| 391 12TH ST | 2025-05 | $1,610,000 | 4,350 | 92.9% |
| 40 5TH STREET | 2026-04 | $1,875,000 | 3,467 | 76.0% |
| 185 6TH ST | 2025-04 | $870,000 | 3,739 | 95.4% |
| 336 HIGHLAND ST | 2025-04 | $1,657,000 | 3,204 | 74.1% |
| 85 WESTERVELT PL | 2025-01 | $1,998,000 | 4,960 | 92.5% |
| 3 OXFORD PLACE | 2025-03 | $2,390,000 | 3,835 | 60.4% |
| 187 BROADWAY | 2026-02 | $850,000 | 2,586 | 107.5% |
| 127 HILLSIDE AVE | 2026-06 | $1,225,000 | 2,888 | 82.2% |
| 216 10TH ST | 2025-04 | $1,613,000 | 2,840 | 69.2% |
| 11 NEW ST | 2026-01 | $1,531,000 | 3,298 | 74.2% |
| 12 LAMBS LANE | 2025-05 | $2,250,000 | 4,803 | 93.7% |
| 79 CEDAR ST | 2025-05 | $1,930,000 | 3,022 | 85.1% |
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