The Fair Share Report
2 Fields Way
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 $955,529 – $1,073,740, 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 $1,013,618 home should be assessed near $670,204.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $76,604 below what the ratio math suggests (11.4%).
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 |
|---|---|---|---|---|
| 28 SOVEREIGN DR | 2025-08 | $1,125,000 | 4,286 | 52.8% |
| 190 SAND SHORE RD | 2025-11 | $999,900 | 4,009 | 49.6% |
| 8 MARCIN WAY | 2025-06 | $1,120,000 | 4,267 | 51.3% |
| 14 GREENBRIAR CT | 2026-03 | $999,999 | 4,151 | 58.4% |
| 15 MARCIN WAY | 2025-04 | $1,046,550 | 4,322 | 57.9% |
| 32 VISTA DR | 2025-10 | $895,000 | 4,101 | 65.3% |
| 8 STARK CT | 2025-11 | $1,045,000 | 4,418 | 56.1% |
| 26 ELIAS DR | 2025-04 | $907,500 | 3,798 | 58.8% |
| 3 JARED PL | 2025-11 | $985,999 | 3,765 | 59.8% |
| 42 SOVEREIGN DR | 2025-07 | $1,376,000 | 4,503 | 47.0% |
| 162 FLANDERS-NETCONG RD | 2026-03 | $905,000 | 3,822 | 60.1% |
| 4 GREENBRIAR CT | 2026-06 | $1,200,000 | 4,466 | 51.7% |
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