The Fair Share Report
2 Observatory Path
Byram, NJ 07002
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 $161,580 – $349,791, from 12 comparable Byram 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 Byram assessments sit below market value — republished every October, applied town-wide. A $238,480 home should be assessed near $138,605.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,605 below what the ratio math suggests (25.0%).
Step 4 · The tax rate — same for every Byram home
$2.312 Schools · 58% $0.673 County · 17% $1.033 Town · 26%
Step 5 · The bill
This home vs. every recent Byram sale · assessed ÷ market
24%72%
Paying about right
This home's ratio lands inside Byram'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 |
|---|---|---|---|---|
| 9 LAUREL TRAIL | 2025-09 | $175,000 | 816 | 73.3% |
| 20 ROSE TRAIL | 2026-01 | $140,000 | 659 | 79.0% |
| 1 STRAWBERRY PT DR | 2026-05 | $175,000 | 1,026 | 76.2% |
| 314 RT 206 | 2025-04 | $200,000 | 960 | 78.3% |
| 14 LAKE DR W | 2026-04 | $400,000 | 768 | 39.1% |
| 7 LA-BO-GA TRAIL | 2025-06 | $310,000 | 808 | 40.9% |
| 34 ALLAMUCHY TRAIL | 2026-01 | $340,000 | 1,162 | 35.1% |
| 14 ACORN ST | 2025-02 | $390,000 | 966 | 48.1% |
| 155 FOREST LAKE DR | 2025-05 | $475,000 | 816 | 38.6% |
| 6 HICKORY TRAIL | 2025-09 | $347,500 | 1,173 | 44.8% |
| 4 SOUTH LAKE TRAIL | 2025-03 | $415,000 | 878 | 48.1% |
| 2 SIDE HILL TRAIL | 2025-10 | $433,000 | 1,008 | 44.2% |
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