The Fair Share Report
19 Mt Rascal Rd
Independence, NJ 07840
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 $173,614 – $227,735, from 7 comparable Independence 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 Independence assessments sit below market value — republished every October, applied town-wide. A $189,247 home should be assessed near $112,091.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,509 above what the ratio math suggests (21.9%).
Step 4 · The tax rate — same for every Independence home
$2.295 Schools · 60% $0.873 County · 23% $0.627 Town · 17%
Step 5 · The bill
This home vs. every recent Independence sale · assessed ÷ market
36%84%
A touch high — worth watching
This home's ratio sits above most of Independence, but doesn't clear NJ's legal appeal line (68.11%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 4 DEER PARK RD | 2025-08 | $350,000 | 1,040 | 54.4% |
| 140 ROUTE 46 | 2026-05 | $380,000 | 1,196 | 41.9% |
| 64 DAYTON CT UNIT 205 | 2026-06 | $230,000 | 910 | 43.3% |
| 64 DAYTON CT UNIT 302 | 2025-06 | $205,000 | 910 | 48.6% |
| 6204 BELMONT DR | 2025-06 | $265,000 | 936 | 45.1% |
| 6316 BELMONT DR | 2026-01 | $265,000 | 976 | 39.7% |
| 5114 AUSTIN CT | 2025-11 | $250,000 | 976 | 42.1% |
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