The Fair Share Report

2 Highview Rd

Fredon, NJ 07860

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.

Step 1 · Market value

≈ $588,566

Likely range $509,434 – $627,669, from 12 comparable Fredon sales in the past 18 months, at this home's 2,592 sq ft.

Step 2 · The Director's Ratio

65.57%

The state's official measure of how far Fredon assessments sit below market value — republished every October, applied town-wide. A $588,566 home should be assessed near $385,923.

Step 3 · Assessed value

$342,000

Set at the last town-wide revaluation and mostly frozen since. That's $43,923 below what the ratio math suggests (11.4%).

Step 4 · The tax rate — same for every Fredon home

$3.160 per $100 assessed

$2.081 Schools · 66% $0.595 County · 19% $0.483 Town · 15%

Step 5 · The bill

$10,807/yr
Public schools$7,119
Sussex County$2,036
Town of Fredon$1,652
Fredon average$10,715

This home vs. every recent Fredon sale · assessed ÷ market

Town median 58.7%
This home · 58.1%

45%81%

Paying about right

This home's ratio lands inside Fredon's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
13 SEMINOLE CT2025-10$535,0002,57465.8%
22 TROON DR2025-07$585,8162,57460.3%
470 RIDGE RD2025-01$510,0002,24658.5%
4 TROON DR2025-10$475,0002,57464.8%
12 SEMINOLE CT2025-10$490,0002,57463.3%
20 SCENIC DR2025-07$715,0002,38952.6%
32 PLAYERS BLVD2025-10$725,0002,61859.4%
11 BETONY CT2026-01$742,9502,36454.7%
516 RIDGE RD2025-12$490,0002,20869.7%
44 KOHLBOCKER RD2025-11$350,0002,38089.4%
5 SCENIC DR2026-01$375,0001,90881.2%
16 LONG HILL RD2025-07$715,0003,13059.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →