The Fair Share Report
2 Carson Rd
Mount Olive, NJ 07828
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 $502,764 – $603,840, from 12 comparable Mount Olive 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 Mount Olive assessments sit below market value — republished every October, applied town-wide. A $552,735 home should be assessed near $365,468.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $73,668 below what the ratio math suggests (20.2%).
Step 4 · The tax rate — same for every Mount Olive home
$2.310 Schools · 69% $0.345 County · 10% $0.711 Town · 21%
Step 5 · The bill
This home vs. every recent Mount Olive sale · assessed ÷ market
37%82%
Paying about right
This home's ratio lands inside Mount Olive'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 |
|---|---|---|---|---|
| 10 CARSON RD | 2025-10 | $563,000 | 1,920 | 47.6% |
| 57 CLOVER HILL DR | 2026-03 | $470,000 | 1,824 | 58.7% |
| 31 ORCHARD ST | 2025-09 | $525,000 | 1,660 | 40.3% |
| 13 LOUIS DR | 2025-02 | $610,000 | 1,960 | 42.7% |
| 26 ROBERT ST | 2025-08 | $615,000 | 1,812 | 48.9% |
| 35 COREY RD | 2025-04 | $579,900 | 1,780 | 42.1% |
| 1 BRIDLE LN | 2025-12 | $500,000 | 1,746 | 51.9% |
| 1 KENNETH TER | 2025-12 | $485,000 | 1,812 | 54.3% |
| 5 N ROSE LN | 2025-08 | $600,000 | 1,624 | 44.9% |
| 63 DEER PATH DR | 2025-03 | $610,000 | 1,686 | 48.1% |
| 16 EDWARD DR | 2025-07 | $610,000 | 1,812 | 49.6% |
| 5 STANLEY PL | 2025-10 | $560,000 | 2,136 | 61.0% |
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