The Fair Share Report
2 E St
South River, NJ 08882
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 $458,773 – $574,091, from 12 comparable South River 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 South River assessments sit below market value — republished every October, applied town-wide. A $526,613 home should be assessed near $319,180.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,180 below what the ratio math suggests (14.2%).
Step 4 · The tax rate — same for every South River home
$1.315 Schools · 49% $0.515 County · 19% $0.838 Town · 31%
Step 5 · The bill
This home vs. every recent South River sale · assessed ÷ market
40%75%
Paying about right
This home's ratio lands inside South River'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 |
|---|---|---|---|---|
| 37 UNION AVE | 2025-06 | $559,000 | 1,456 | 45.8% |
| 23 W GROCHOWIAK ST | 2026-01 | $450,000 | 1,482 | 59.7% |
| 11 MONUSH ST | 2025-06 | $521,000 | 1,391 | 55.9% |
| 13 TERRY AVE | 2025-09 | $600,000 | 1,514 | 48.1% |
| 1 OAK ST | 2025-08 | $520,000 | 1,349 | 57.6% |
| 61 FOOTHILLS DR | 2026-01 | $515,000 | 1,526 | 60.4% |
| 7 HOLLYWOOD ST | 2025-07 | $568,000 | 1,592 | 61.8% |
| 25 GRAND AVE | 2025-02 | $625,000 | 1,516 | 58.1% |
| 29 CAROLINE DR | 2026-02 | $500,000 | 1,528 | 68.6% |
| 48 MAKLARY ST | 2025-12 | $430,000 | 1,388 | 61.7% |
| 38 FOOTHILLS DR | 2025-07 | $560,000 | 1,500 | 51.4% |
| 44 PHILLIP ST | 2025-12 | $600,000 | 1,584 | 56.1% |
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