The Fair Share Report
2 Locust Dr
Helmetta, NJ 08828
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 $425,393 – $525,962, from 12 comparable Helmetta 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 Helmetta assessments sit below market value — republished every October, applied town-wide. A $489,426 home should be assessed near $271,631.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,269 above what the ratio math suggests (17.0%).
Step 4 · The tax rate — same for every Helmetta home
$2.120 Schools · 60% $0.601 County · 17% $0.836 Town · 24%
Step 5 · The bill
This home vs. every recent Helmetta sale · assessed ÷ market
36%80%
A touch high — worth watching
This home's ratio sits above most of Helmetta, but doesn't clear NJ's legal appeal line (63.82%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 117 MAIN ST | 2025-05 | $250,000 | 1,368 | 95.7% |
| 10 HOLLY MANOR COURT | 2025-11 | $530,000 | 1,812 | 48.5% |
| 24 HOLLY HOUSE DRIVE | 2026-01 | $525,000 | 1,661 | 41.9% |
| 23 OLD FORGE ROAD | 2026-03 | $311,250 | 1,296 | 66.1% |
| 45 LAKE AVE | 2025-09 | $400,000 | 1,656 | 58.6% |
| 8A NORTH SHORE BLVD. | 2025-05 | $685,000 | 2,163 | 53.2% |
| 4 HOLLY MANOR COURT | 2025-08 | $445,000 | 1,391 | 47.2% |
| 1 WASHINGTON AVE. | 2025-11 | $427,000 | 1,056 | 46.6% |
| 42 JOHN STREET | 2026-06 | $485,000 | 1,460 | 40.1% |
| 908 MEADOW CT. | 2026-01 | $338,000 | 1,198 | 42.4% |
| 27 RAILROAD AVE | 2026-01 | $343,000 | 1,056 | 53.5% |
| 1305 STONERIDGE CIR. | 2026-05 | $360,000 | 1,198 | 39.8% |
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