The Fair Share Report
2 Crest Rd
Hanover, NJ 07927
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 $819,086 – $899,185, from 12 comparable Hanover sales in the past 18 months, at this home's 2,434 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Hanover assessments sit below market value — republished every October, applied town-wide. A $877,644 home should be assessed near $608,997.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $120,797 below what the ratio math suggests (19.8%).
Step 4 · The tax rate — same for every Hanover home
$1.207 Schools · 59% $0.314 County · 15% $0.529 Town · 26%
Step 5 · The bill
This home vs. every recent Hanover sale · assessed ÷ market
41%85%
Paying about right
This home's ratio lands inside Hanover'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 |
|---|---|---|---|---|
| 67 HENDRICKS DR | 2025-09 | $909,000 | 2,502 | 51.9% |
| 16 SLOPE DR | 2025-12 | $920,500 | 2,558 | 55.8% |
| 4 HERITAGE LN | 2025-05 | $810,000 | 2,407 | 60.8% |
| 39 LEFKE LN | 2025-12 | $700,000 | 2,160 | 54.5% |
| 19 INDEPENDENCE DR | 2026-03 | $870,000 | 2,355 | 55.5% |
| 24 KATHRYN DR | 2025-05 | $888,000 | 2,379 | 55.4% |
| 67 BRANFORD RD | 2025-10 | $710,000 | 2,066 | 62.4% |
| 7 HERITAGE LN | 2025-11 | $830,000 | 2,662 | 62.8% |
| 105 POPLAR DR | 2025-10 | $1,225,000 | 2,496 | 46.3% |
| 23 HERITAGE LN | 2025-01 | $980,000 | 2,664 | 57.1% |
| 7 MANCHESTER DR | 2026-04 | $825,000 | 2,288 | 58.0% |
| 13 SPRUCE ST | 2025-11 | $717,000 | 2,052 | 57.2% |
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