The Fair Share Report
2 Soder Rd
North Caldwell, NJ 07006
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 $1,100,037 – $1,427,535, from 12 comparable North Caldwell 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 North Caldwell assessments sit below market value — republished every October, applied town-wide. A $1,204,780 home should be assessed near $858,406.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $70,806 below what the ratio math suggests (8.2%).
Step 4 · The tax rate — same for every North Caldwell home
$1.418 Schools · 61% $0.461 County · 20% $0.428 Town · 19%
Step 5 · The bill
This home vs. every recent North Caldwell sale · assessed ÷ market
47%87%
Paying about right
This home's ratio lands inside North Caldwell'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 |
|---|---|---|---|---|
| 575 MOUNTAIN AVENUE | 2025-06 | $1,355,000 | 2,744 | 57.0% |
| 11 OLD FARM ROAD | 2025-10 | $1,320,000 | 2,636 | 55.1% |
| 27 OAK PLACE | 2026-05 | $1,300,000 | 2,705 | 58.7% |
| 31 MAPLE DRIVE | 2025-12 | $1,142,000 | 2,880 | 69.1% |
| 20 OLD FARM ROAD | 2025-09 | $1,050,000 | 2,664 | 72.1% |
| 6 COLONY DRIVE | 2025-09 | $805,000 | 2,720 | 74.9% |
| 160 GRANDVIEW AVENUE | 2026-01 | $890,000 | 2,436 | 70.8% |
| 186 GRANDVIEW AVENUE | 2025-03 | $750,000 | 2,642 | 80.3% |
| 6 EAST GREENBROOK ROAD | 2025-12 | $1,384,000 | 2,610 | 63.4% |
| 368 CENTRAL AVENUE | 2026-05 | $1,260,000 | 2,552 | 55.3% |
| 4 WILLOW LANE | 2026-05 | $950,000 | 2,383 | 66.4% |
| 8 MAPLE DRIVE | 2025-12 | $1,030,000 | 2,476 | 59.4% |
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