The Fair Share Report

2 Midvale Dr

Union, NJ 08867

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

≈ $1,054,279

Likely range $856,065 – $1,119,752, from 12 comparable Union sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

86.66%

The state's official measure of how far Union assessments sit below market value — republished every October, applied town-wide. A $1,054,279 home should be assessed near $913,638.

Step 3 · Assessed value

$825,000

Set at the last town-wide revaluation and mostly frozen since. That's $88,638 below what the ratio math suggests (9.7%).

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

$2.196 per $100 assessed

$1.570 Schools · 72% $0.386 County · 18% $0.239 Town · 11%

Step 5 · The bill

$18,125/yr
Public schools$12,964
Hunterdon County$3,187
Town of Union$1,974
Union average$10,880

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

Town median 80.8%
This home · 78.3%

61%105%

Paying about right

This home's ratio lands inside Union'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
5 WOOD HOLLOW DR2025-11$880,0004,20294.3%
24 GROVE FARM RD2025-05$980,0003,74083.5%
36 GROVE FARM RD2026-05$927,6663,68384.4%
13 CARHART COURT2025-02$947,5004,52583.8%
9 STIRES WAY2025-12$860,0004,15884.4%
190 MAIN STREET-JUTLAND2025-08$935,0004,68887.9%
17 BAPTIST CHURCH RD2025-06$905,0003,13869.0%
44 PERRYVILLE RD2025-02$880,0003,55690.5%
290 PITTSTOWN ROAD2025-05$900,0003,61178.9%
36 WYCKOFF DRIVE2025-09$902,5003,72490.8%
463 COUNTY ROAD 5792025-10$830,0004,26094.5%
4 FOX CHASE TURN2026-05$1,100,0003,31275.5%

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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 →