The Fair Share Report
2 Lerro Rd
Oldmans, NJ 08067
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 $133,263 – $283,682, from 12 comparable Oldmans sales in the past 18 months, at this home's 1,256 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Oldmans assessments sit below market value — republished every October, applied town-wide. A $258,525 home should be assessed near $208,604.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,296 above what the ratio math suggests (6.4%).
Step 4 · The tax rate — same for every Oldmans home
$1.223 Schools · 45% $1.279 County · 47% $0.197 Town · 7%
This home's own bill implies $2.485 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Oldmans sale · assessed ÷ market
43%172%
Paying about right
This home's ratio lands inside Oldmans'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 |
|---|---|---|---|---|
| 2 KATIE DRIVE | 2025-06 | $699,900 | — | 76.8% |
| 2 KATIE DRIVE | 2025-03 | $600,000 | — | 89.7% |
| 8 FERRELLS LANE | 2025-09 | $281,875 | 1,248 | 68.3% |
| 25 POINTERS-AUBURN RD | 2025-01 | $335,000 | 1,560 | 63.7% |
| 267 STRAUGHNS MILL ROAD | 2025-07 | $410,000 | 1,475 | 58.8% |
| 85 NEW RD | 2025-10 | $360,000 | 1,752 | 48.4% |
| 63 PORCUPINE RD | 2025-03 | $240,000 | 1,166 | 62.5% |
| 6 PORCUPINE RD | 2026-04 | $270,000 | 1,344 | 59.7% |
| 342 STRAUGHNS MILL RD | 2025-10 | $159,000 | 1,668 | 113.3% |
| 93 PENNSVL-PEDRICKTN RD | 2025-08 | $324,000 | 1,496 | 66.0% |
| 102 PENNSVL-PEDRICKTN RD | 2026-03 | $350,000 | 2,192 | 70.3% |
| 110 N RAILROAD AVE | 2025-09 | $120,000 | 1,248 | 102.3% |
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