The Fair Share Report
2 Forest St
Closter, NJ 07624
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 $1,072,218 – $1,274,220, from 12 comparable Closter 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 Closter assessments sit below market value — republished every October, applied town-wide. A $1,150,942 home should be assessed near $990,731.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,331 below what the ratio math suggests (0.8%).
Step 4 · The tax rate — same for every Closter home
$1.285 Schools · 62% $0.239 County · 12% $0.547 Town · 26%
This home's own bill implies $1.827 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Closter sale · assessed ÷ market
66%104%
Paying about right
This home's ratio lands inside Closter'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 |
|---|---|---|---|---|
| 88 PINE ST | 2025-05 | $850,000 | 1,652 | 90.6% |
| 66 LEGION PL | 2026-05 | $1,050,000 | 2,295 | 76.3% |
| 62 DEMAREST AVE | 2026-05 | $1,100,000 | 2,291 | 73.5% |
| 65 ROBINHOOD AVE | 2025-06 | $1,470,000 | 3,112 | 87.2% |
| 155 HICKORY LN | 2026-06 | $1,425,000 | 2,600 | 99.8% |
| 32 RUTGERS ST | 2026-04 | $1,780,000 | 2,884 | 77.0% |
| 47 SUSAN DR | 2026-05 | $1,460,000 | 2,762 | 76.9% |
| 31 MAYCOCK CT | 2026-05 | $1,370,000 | 2,650 | 70.4% |
| 181 WEST ST | 2026-01 | $780,000 | 1,910 | 92.6% |
| 31 WEST ST | 2026-05 | $790,000 | 2,167 | 69.2% |
| 55 CARLSON CT | 2026-01 | $925,000 | 1,920 | 83.0% |
| 233 HIGH ST | 2025-06 | $1,543,000 | 3,180 | 91.1% |
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