The Fair Share Report
161 Pine Dr
Emerson, NJ 07630
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 $834,853 – $932,854, from 12 comparable Emerson 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 Emerson assessments sit below market value — republished every October, applied town-wide. A $886,621 home should be assessed near $589,426.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $68,226 below what the ratio math suggests (11.6%).
Step 4 · The tax rate — same for every Emerson home
$2.044 Schools · 60% $0.329 County · 10% $1.046 Town · 31%
Step 5 · The bill
This home vs. every recent Emerson sale · assessed ÷ market
43%82%
Paying about right
This home's ratio lands inside Emerson'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 |
|---|---|---|---|---|
| 132 JEFFERSON AVE | 2025-09 | $750,000 | 2,310 | 51.6% |
| 33 DOGWOOD LANE | 2025-07 | $750,000 | 2,177 | 55.6% |
| 92 LOCUST AVE | 2025-11 | $860,000 | 2,326 | 54.6% |
| 67 EMWOOD DR | 2026-03 | $910,000 | 2,593 | 56.1% |
| 129 SANFORD AVE | 2026-04 | $940,000 | 2,180 | 45.5% |
| 140 VIVIAN AVE | 2025-11 | $940,000 | 2,470 | 49.0% |
| 150 HIGHLAND AVE | 2025-11 | $880,000 | 2,532 | 55.4% |
| 61 CINDY LN | 2025-05 | $950,000 | 2,632 | 57.5% |
| 59 COLONIAL RD | 2025-12 | $925,000 | 2,476 | 62.2% |
| 69 CHESTNUT AVE | 2025-04 | $830,000 | 2,152 | 62.7% |
| 122 COLONIAL RD | 2025-07 | $1,140,000 | 2,682 | 48.2% |
| 27 SULLIVAN DR | 2026-06 | $1,162,500 | 3,192 | 66.3% |
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