The Fair Share Report
2 Aster Ter
Mendham, NJ 07945
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 $510,534 – $702,746, from 12 comparable Mendham sales in the past 18 months, at this home's 1,160 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Mendham assessments sit below market value — republished every October, applied town-wide. A $580,676 home should be assessed near $416,983.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $76,983 below what the ratio math suggests (18.5%).
Step 4 · The tax rate — same for every Mendham home
$1.661 Schools · 66% $0.302 County · 12% $0.563 Town · 22%
Step 5 · The bill
This home vs. every recent Mendham sale · assessed ÷ market
43%88%
Paying about right
This home's ratio lands inside Mendham'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 W MAIN ST | 2025-07 | $699,000 | 1,256 | 53.8% |
| 72 E MAIN ST | 2025-06 | $725,000 | 1,621 | 53.2% |
| 15 LAKE DR | 2025-06 | $730,000 | 1,649 | 56.2% |
| 3 BIRCH ST | 2026-02 | $999,000 | 1,372 | 46.1% |
| 89 TALMAGE RD | 2026-03 | $995,000 | 1,872 | 49.1% |
| 40 MOUNTAIN AVE | 2026-04 | $610,000 | 1,386 | 69.8% |
| 5 COUNTRY LN | 2025-08 | $750,000 | 1,238 | 60.2% |
| 81 MOUNTAIN AVE | 2026-06 | $785,000 | 1,768 | 53.7% |
| 5 HAMPTON RD | 2025-08 | $685,000 | 1,816 | 66.5% |
| 6 EMERY AVE | 2025-07 | $575,000 | 1,547 | 66.8% |
| 10 EMERY AVE | 2025-11 | $656,000 | 942 | 58.9% |
| 42 MOUNTAIN AVE | 2025-08 | $745,000 | 1,810 | 60.3% |
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