The Fair Share Report
2 Sergeant Ct
Mount Olive, NJ 07828
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 $847,357 – $1,033,073, from 12 comparable Mount Olive 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 Mount Olive assessments sit below market value — republished every October, applied town-wide. A $984,687 home should be assessed near $651,075.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $145,675 below what the ratio math suggests (22.4%).
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%82%
Paying about right
This home's ratio lands inside Mount Olive'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 |
|---|---|---|---|---|
| 12 HUNTER DR | 2026-01 | $890,000 | 3,314 | 59.2% |
| 34 ELIAS DR | 2025-10 | $1,030,000 | 3,428 | 53.7% |
| 34 ELIAS DR | 2025-03 | $1,030,000 | 3,428 | 53.7% |
| 6 MAGESTRO CT | 2025-06 | $999,999 | 3,306 | 52.7% |
| 7 GEORGE ST | 2025-06 | $990,000 | 3,535 | 54.3% |
| 6 AUGIE PL | 2025-06 | $992,000 | 3,248 | 51.7% |
| 16 GORDON WAY | 2025-09 | $990,000 | 3,184 | 52.7% |
| 84 DRAKE WAY | 2026-01 | $985,000 | 3,250 | 53.1% |
| 7 VIRGIL LANE | 2025-12 | $985,000 | 3,099 | 51.1% |
| 58 ELIAS DR | 2025-08 | $1,030,000 | 3,546 | 54.0% |
| 26 ELIAS DR | 2025-04 | $907,500 | 3,798 | 58.8% |
| 45 SAUNDERS LN | 2025-12 | $855,000 | 3,471 | 62.9% |
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