The Fair Share Report
19 Park Ave
Summit, NJ 07901
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 $716,000 – $1,680,000, from 12 comparable Summit sales in the past 18 months.
Step 2 · The Director's Ratio
The state's official measure of how far Summit assessments sit below market value — republished every October, applied town-wide. A $1,306,000 home should be assessed near $402,379.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $373,679 below what the ratio math suggests (92.9%).
Step 4 · The tax rate — same for every Summit home
$2.335 Schools · 52% $1.092 County · 24% $1.043 Town · 23%
Summit also levies a Special Improvement District charge inside its district boundaries — the county roll doesn't say which homes are in it, but a bill's "IMPROVEMENT DISTRICT" line does. District homes pay $4.654 per $100 all-in (+$0.184).
Step 5 · The bill
This home vs. every recent Summit sale · assessed ÷ market
0%41%
Keep quiet and enjoy it
This home's assessment ratio sits below the Summit pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 16 MILTON AVE | 2025-06 | $716,000 | 994 | 23.0% |
| 14 STONY HILL CT | 2025-06 | $1,120,000 | 1,700 | 30.8% |
| 52 HUNTLEY RD | 2025-05 | $624,000 | 1,654 | 26.2% |
| 275 WOODLAND AVE | 2026-06 | $1,655,000 | 2,098 | 22.7% |
| 226 MOUNTAIN AVE | 2026-06 | $1,680,000 | 2,618 | 22.4% |
| 55 CANOE BROOK PKWY | 2025-07 | $1,200,000 | 1,740 | 22.1% |
| 10 WOODFERN RD | 2025-04 | $990,000 | 1,414 | 29.7% |
| 276 KENT PLACE BLVD | 2026-04 | $1,306,000 | 1,774 | 18.1% |
| 79 BLACKBURN PL | 2025-06 | $2,725,000 | 3,166 | 22.5% |
| 80 GLENSIDE AVE | 2025-06 | $680,000 | 1,680 | 28.4% |
| 19 HICKORY RD | 2025-06 | $1,450,000 | 2,040 | 24.3% |
| 9 FAITOUTE COURT | 2025-07 | $1,330,000 | 2,030 | 21.9% |
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