The Fair Share Report
2 Mitchell St
Belleville, NJ 07109
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 $521,018 – $616,551, from 12 comparable Belleville 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 Belleville assessments sit below market value — republished every October, applied town-wide. A $574,630 home should be assessed near $339,779.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,879 below what the ratio math suggests (3.2%).
Step 4 · The tax rate — same for every Belleville home
$1.652 Schools · 40% $0.541 County · 13% $1.963 Town · 47%
Step 5 · The bill
This home vs. every recent Belleville sale · assessed ÷ market
38%73%
Paying about right
This home's ratio lands inside Belleville'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 |
|---|---|---|---|---|
| 18 COTTAGE STREET | 2025-06 | $590,000 | 1,466 | 59.8% |
| 152 BELMOHR STREET | 2025-03 | $485,000 | 1,464 | 64.9% |
| 81 WATSESSING AVENUE | 2025-12 | $580,000 | 1,512 | 49.5% |
| 150 LIBERTY AVENUE | 2025-12 | $560,000 | 1,484 | 52.5% |
| 353 MAIN STREET | 2026-06 | $640,000 | 1,584 | 48.3% |
| 21 YALE TERRACE | 2025-10 | $585,000 | 1,441 | 50.7% |
| 87-89 ADELAIDE STREET | 2025-03 | $590,000 | 1,428 | 50.0% |
| 1 CHARLES STREET | 2025-05 | $416,000 | 1,392 | 58.7% |
| 61-63 HILL STREET | 2026-06 | $530,000 | 1,493 | 55.3% |
| 77 MONTGOMERY PLACE | 2026-01 | $470,000 | 1,368 | 58.6% |
| 79 SYCAMORE DRIVE | 2025-06 | $575,000 | 1,353 | 58.7% |
| 70-74 HILL STREET | 2025-06 | $600,000 | 1,477 | 51.2% |
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