The Fair Share Report
2 Millbrook Rd
Hope, NJ 07044
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 $302,375 – $460,037, from 12 comparable Hope 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 Hope assessments sit below market value — republished every October, applied town-wide. A $320,388 home should be assessed near $191,720.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,480 above what the ratio math suggests (18.5%).
Step 4 · The tax rate — same for every Hope home
$2.159 Schools · 62% $0.883 County · 25% $0.424 Town · 12%
Step 5 · The bill
This home vs. every recent Hope sale · assessed ÷ market
38%81%
Paying about right
This home's ratio lands inside Hope'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 |
|---|---|---|---|---|
| 433 SILVER LK-MARKSBR RD | 2025-07 | $370,000 | 1,596 | 59.2% |
| 330 DELAWARE RD | 2025-06 | $257,500 | 1,122 | 60.5% |
| 109 CEMETARY RD | 2025-04 | $410,000 | 1,537 | 51.0% |
| 80 RIDGEWAY AVE | 2025-12 | $295,000 | 1,632 | 66.0% |
| 29 GREEN ST | 2025-11 | $546,000 | 1,722 | 49.3% |
| 10 LOCUST LAKE RD | 2025-07 | $400,000 | 1,218 | 54.5% |
| 233 SHILOH ROAD | 2025-06 | $530,000 | 1,620 | 50.1% |
| 73 LOCUST LAKE RD | 2025-03 | $235,000 | 1,256 | 70.3% |
| 451 DELAWARE RD | 2025-03 | $405,000 | 2,456 | 80.4% |
| 6 WILLOW CT | 2026-03 | $367,000 | 969 | 45.0% |
| 87 RIDGEWAY AVE | 2025-12 | $425,000 | 1,928 | 45.3% |
| 62 RIDGEWAY AVE | 2026-05 | $325,000 | 1,456 | 46.8% |
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