The Fair Share Report
2 Walnut St
Rutherford, NJ 07070
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 $335,588 – $624,746, from 12 comparable Rutherford 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 Rutherford assessments sit below market value — republished every October, applied town-wide. A $416,454 home should be assessed near $276,484.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,616 above what the ratio math suggests (22.6%).
Step 4 · The tax rate — same for every Rutherford home
$1.890 Schools · 59% $0.321 County · 10% $0.987 Town · 31%
Step 5 · The bill
This home vs. every recent Rutherford sale · assessed ÷ market
44%106%
Paying about right
This home's ratio lands inside Rutherford'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 |
|---|---|---|---|---|
| 14 ELIZABETH STREET | 2025-07 | $595,000 | 973 | 56.7% |
| 215 ORIENT WAY | 2025-05 | $300,000 | 845 | 84.2% |
| 206 EASTERN WAY | 2025-07 | $775,000 | 1,089 | 54.9% |
| 59 DANIEL AVENUE | 2025-10 | $706,000 | 1,162 | 53.2% |
| 51 MAPLE ST | 2025-07 | $625,000 | 1,086 | 54.6% |
| 126 HACKETT PLACE | 2025-09 | $355,000 | 918 | 72.7% |
| 360 CARMITA AVE | 2025-08 | $700,000 | 1,331 | 49.2% |
| 126 HACKETT PLACE A204 | 2025-12 | $270,000 | 1,092 | 88.9% |
| 126 HACKETT PL B201 | 2025-07 | $365,000 | 1,092 | 58.6% |
| 126 HACKETT PLACE A101 | 2026-03 | $333,000 | 854 | 52.0% |
| 126 HACKETT PLACE B204 | 2025-11 | $333,000 | 854 | 56.4% |
| 189 SUMMIT CROSS | 2025-01 | $560,000 | 1,303 | 79.4% |
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