The Fair Share Report
2 Mill Rd
Mount Olive, NJ 07836
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 $297,698 – $495,302, from 12 comparable Mount Olive sales in the past 18 months, at this home's 1,210 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Mount Olive assessments sit below market value — republished every October, applied town-wide. A $389,457 home should be assessed near $257,509.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,191 above what the ratio math suggests (13.7%).
Step 4 · The tax rate — same for every Mount Olive home
$2.310 Schools · 69% $0.345 County · 10% $0.711 Town · 21%
Step 5 · The bill
This home vs. every recent Mount Olive sale · assessed ÷ market
37%104%
A touch high — worth watching
This home's ratio sits above most of Mount Olive, but doesn't clear NJ's legal appeal line (76.04%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 286 DRAKESTOWN RD | 2025-12 | $620,000 | 1,200 | 42.9% |
| 115 MT OLIVE RD | 2025-08 | $255,000 | 1,137 | 75.9% |
| 115 MT OLIVE RD | 2025-01 | $200,000 | 1,137 | 96.8% |
| 229 ROUTE 206 | 2025-01 | $400,000 | 1,389 | 48.0% |
| 15 TINC RD | 2026-04 | $650,000 | 1,296 | 39.7% |
| 136 DRAKESTOWN RD | 2025-09 | $490,000 | 1,584 | 44.7% |
| 16 OLD LEDGEWOOD RD | 2025-12 | $530,000 | 1,332 | 45.1% |
| 8 JOHNSON AVE | 2025-07 | $510,000 | 1,768 | 43.5% |
| 8 MYRTLE RD | 2026-04 | $421,000 | 1,308 | 48.0% |
| 31 TINC RD | 2025-07 | $550,000 | 1,384 | 46.8% |
| 8 OLD TOWNSHIP RD | 2025-09 | $482,000 | 1,497 | 51.6% |
| 52 SMITHTOWN RD | 2026-05 | $625,000 | 1,452 | 42.8% |
Is this your house?
Run your own report →