The Fair Share Report
17 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 $679,854 – $781,708, from 12 comparable Demarest sales in the past 18 months, at this home's 1,267 sq ft.
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 $755,393 home should be assessed near $766,044.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,744 below what the ratio math suggests (4.1%).
Step 4 · The tax rate — same for every Demarest home
$1.149 Schools · 64% $0.219 County · 12% $0.438 Town · 24%
This home's own bill implies $1.771 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Demarest sale · assessed ÷ market
74%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 |
|---|---|---|---|---|
| 49 KNICKERBOCKER RD | 2025-09 | $725,000 | 1,413 | 96.0% |
| 72 STEWART ST | 2026-01 | $865,000 | 1,402 | 84.0% |
| 31 HARDENBURGH AVE | 2025-09 | $775,000 | 1,196 | 93.8% |
| 9 MAPLE AVE | 2026-01 | $800,000 | 1,324 | 112.5% |
| 65 LENOX AVE | 2025-07 | $965,000 | 1,645 | 91.7% |
| 31 MADISON AVE | 2026-04 | $855,000 | 1,386 | 86.2% |
| 3 LOIS AVE | 2025-02 | $770,000 | 1,435 | 91.1% |
| 25 MEADOW ST | 2026-03 | $790,000 | 1,301 | 83.4% |
| 52 EDWARD ST | 2026-04 | $1,100,000 | 1,845 | 92.9% |
| 64 PRESCOTT ST | 2025-04 | $875,000 | 1,716 | 91.7% |
| 32 HIGHLAND AVE | 2025-12 | $999,999 | 1,903 | 88.8% |
| 25 MAPLE AVE | 2026-04 | $785,000 | 1,209 | 86.6% |
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