The Fair Share Report
2 Hapgood Ct
Boonton, NJ 07005
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 $857,990 – $1,069,893, from 12 comparable Boonton 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 Boonton assessments sit below market value — republished every October, applied town-wide. A $1,008,387 home should be assessed near $637,906.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,906 below what the ratio math suggests (4.4%).
Step 4 · The tax rate — same for every Boonton home
$2.167 Schools · 62% $0.355 County · 10% $0.955 Town · 27%
Step 5 · The bill
This home vs. every recent Boonton sale · assessed ÷ market
40%78%
Paying about right
This home's ratio lands inside Boonton'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 |
|---|---|---|---|---|
| 725 CORNELIA ST | 2026-01 | $965,000 | 2,960 | 58.6% |
| 18 COUNTRY MEADOW LN | 2026-01 | $922,000 | 2,722 | 61.6% |
| 105 ELY RD | 2026-05 | $1,050,000 | 3,388 | 57.6% |
| 270 ROSS DR | 2026-03 | $1,275,000 | 3,370 | 51.4% |
| 665 LIBERTY ST | 2025-02 | $850,000 | 3,890 | 69.0% |
| 431 ROCKAWAY ST | 2025-07 | $855,000 | 3,020 | 58.5% |
| 144 CHESTNUT ST | 2026-04 | $860,000 | 2,666 | 60.8% |
| 208 ROCKAWAY ST | 2025-09 | $765,000 | 2,955 | 66.0% |
| 37 PUDDINGSTONE DR | 2025-01 | $925,000 | 2,440 | 60.6% |
| 341 VREELAND AVE | 2025-05 | $877,500 | 3,780 | 60.9% |
| 100 TONER RD | 2025-07 | $780,000 | 2,536 | 62.4% |
| 45 PUDDINGSTONE DR | 2026-02 | $760,000 | 2,624 | 59.8% |
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