The Fair Share Report
16 Allocco Dr
Holmdel, NJ 07733
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 $703,271 – $896,103, from 12 comparable Holmdel 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 Holmdel assessments sit below market value — republished every October, applied town-wide. A $795,943 home should be assessed near $793,874.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $283,626 above what the ratio math suggests (35.7%).
Step 4 · The tax rate — same for every Holmdel home
$1.063 Schools · 69% $0.207 County · 13% $0.268 Town · 17%
This home's own bill implies $1.367 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Holmdel sale · assessed ÷ market
84%159%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $4,362/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 7 FLORA DR | 2026-03 | $1,230,000 | 2,461 | 80.9% |
| 123 STATE HWY 34 | 2026-01 | $720,000 | 2,361 | 104.0% |
| 34 S HOLMDEL RD | 2025-05 | $800,000 | 2,435 | 89.8% |
| 1 GALES CT | 2025-04 | $854,000 | 2,116 | 97.0% |
| 24 PAINTED WAGON RD. | 2026-05 | $699,900 | 1,961 | 94.2% |
| 38 DURANT AVENUE | 2026-04 | $685,000 | 1,961 | 96.2% |
| 4 OXFORD RD. | 2026-02 | $715,000 | 1,961 | 89.5% |
| 29 PAINTED WAGON RD. | 2025-05 | $639,999 | 1,961 | 101.3% |
| 1 PAINTED WAGON RD. | 2025-03 | $700,000 | 1,961 | 102.0% |
| 31 DUTCH CT. | 2025-01 | $625,000 | 1,961 | 102.4% |
| 8 OVERLOOK DRIVE | 2025-04 | $860,000 | 2,330 | 103.3% |
| 8 DONNER ST | 2025-05 | $850,000 | 2,275 | 110.3% |
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