The Fair Share Report
2 Myrtle Ave
Demarest, NJ 07627
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 $1,683,237 – $2,475,108, from 12 comparable Demarest 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 Demarest assessments sit below market value — republished every October, applied town-wide. A $2,043,960 home should be assessed near $2,072,780.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $341,180 below what the ratio math suggests (16.5%).
Step 4 · The tax rate — same for every Demarest home
$1.149 Schools · 64% $0.219 County · 12% $0.438 Town · 24%
Step 5 · The bill
This home vs. every recent Demarest sale · assessed ÷ market
65%115%
Paying about right
This home's ratio lands inside Demarest'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 |
|---|---|---|---|---|
| 50 WILLIAM ST | 2025-05 | $2,263,625 | 3,988 | 87.0% |
| 58 VAN HORN ST | 2026-05 | $1,850,000 | 3,700 | 93.7% |
| 124 CROSS ST | 2025-06 | $2,027,000 | 3,777 | 91.0% |
| 108 SERPENTINE RD | 2025-11 | $2,100,000 | 3,644 | 88.0% |
| 151 SOUTH ST | 2025-05 | $1,950,000 | 4,034 | 101.4% |
| 8 BLANCHE AVE | 2025-05 | $2,800,000 | 3,877 | 88.7% |
| 424 PIERMONT RD | 2025-07 | $1,169,000 | 3,572 | 103.0% |
| 8 GLENWOOD AVE | 2025-02 | $1,420,000 | 2,922 | 108.5% |
| 27 CENTRAL AVE | 2025-11 | $1,850,000 | 2,873 | 95.1% |
| 10 SUNSET RD | 2026-06 | $1,730,000 | 3,400 | 92.7% |
| 6 STONE BRIDGE COURT | 2026-04 | $3,325,000 | 4,261 | 87.0% |
| 22 STELFOX ST | 2025-06 | $1,800,000 | 2,706 | 81.4% |
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