The Fair Share Report
2 Eric Dr
Howell, NJ 07731
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 $698,859 – $797,690, from 12 comparable Howell 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 Howell assessments sit below market value — republished every October, applied town-wide. A $744,613 home should be assessed near $722,349.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $79,751 above what the ratio math suggests (11.0%).
Step 4 · The tax rate — same for every Howell home
$1.121 Schools · 68% $0.218 County · 13% $0.320 Town · 19%
This home's own bill implies $1.604 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Howell sale · assessed ÷ market
84%120%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $1,323/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 46 MARKWOOD DRIVE | 2026-01 | $744,000 | 2,231 | 96.5% |
| 35 HONEYSUCKLE WAY | 2025-03 | $640,000 | 2,284 | 99.3% |
| 94 HERITAGE DRIVE | 2025-05 | $790,000 | 2,190 | 99.7% |
| 46 BERKSHIRE DRIVE | 2026-01 | $729,000 | 2,171 | 94.0% |
| 10 ERIC DRIVE | 2026-06 | $732,500 | 2,373 | 98.6% |
| 5 LINDNER LANE | 2025-06 | $795,000 | 2,166 | 99.2% |
| 12 JENNIFER DRIVE | 2025-05 | $820,000 | 2,331 | 99.5% |
| 64 APPLETREE ROAD | 2026-06 | $745,000 | 2,370 | 95.0% |
| 6 LINDNER LANE | 2025-06 | $755,000 | 2,138 | 100.1% |
| 39 CHERRYTREE CIRCLE | 2025-05 | $746,000 | 2,181 | 100.1% |
| 88 PINE NEEDLE STREET | 2025-05 | $680,000 | 2,258 | 99.3% |
| 24 WINCHESTER DRIVE | 2025-02 | $674,074 | 2,143 | 100.3% |
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