The Fair Share Report
2 E Waterloo Rd
Byram, NJ 07874
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 $355,517 – $531,585, from 12 comparable Byram 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 Byram assessments sit below market value — republished every October, applied town-wide. A $478,776 home should be assessed near $278,265.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $84,565 below what the ratio math suggests (30.4%).
Step 4 · The tax rate — same for every Byram home
$2.312 Schools · 58% $0.673 County · 17% $1.033 Town · 26%
Step 5 · The bill
This home vs. every recent Byram sale · assessed ÷ market
31%72%
Paying about right
This home's ratio lands inside Byram'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 |
|---|---|---|---|---|
| 111 LAKE DR | 2025-08 | $510,000 | 1,284 | 45.1% |
| 105 FOREST LAKE DR | 2025-05 | $425,000 | 1,486 | 47.4% |
| 15 LAKE DR | 2025-08 | $620,000 | 1,524 | 61.3% |
| 34 ALLAMUCHY TRAIL | 2026-01 | $340,000 | 1,162 | 35.1% |
| 19 DIVISION LN | 2025-10 | $710,000 | 1,267 | 27.1% |
| 6 HICKORY TRAIL | 2025-09 | $347,500 | 1,173 | 44.8% |
| 1 STRAWBERRY PT DR | 2026-05 | $175,000 | 1,026 | 76.2% |
| 30 ACORN ST | 2025-09 | $435,000 | 1,568 | 46.6% |
| 11 BEECH ST | 2026-06 | $510,000 | 1,372 | 52.8% |
| 501 STANHOPE RD | 2025-06 | $440,000 | 1,094 | 49.3% |
| 2 CABIN SPRING TRAIL | 2025-10 | $462,500 | 1,596 | 39.3% |
| 10 CRANBERRY LEDGE RD | 2025-07 | $390,000 | 1,056 | 42.9% |
Is this your house?
Run your own report →