The Fair Share Report
20 Pine Blvd
Hanover, NJ 07927
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 $620,104 – $678,594, from 12 comparable Hanover 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 Hanover assessments sit below market value — republished every October, applied town-wide. A $636,373 home should be assessed near $441,579.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,179 below what the ratio math suggests (6.2%).
Step 4 · The tax rate — same for every Hanover home
$1.207 Schools · 59% $0.314 County · 15% $0.529 Town · 26%
Step 5 · The bill
This home vs. every recent Hanover sale · assessed ÷ market
41%85%
A touch high — worth watching
This home's ratio sits above most of Hanover, but doesn't clear NJ's legal appeal line (79.80%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 71 MOUNTAIN AVE | 2025-12 | $725,000 | 1,988 | 55.3% |
| 82 TROY HILLS RD | 2026-06 | $600,000 | 1,668 | 63.7% |
| 45 POLHEMUS TER | 2025-12 | $860,000 | 1,775 | 49.4% |
| 1007 EDGEHILL TER | 2026-05 | $650,000 | 1,908 | 54.1% |
| 2003 VERMONT TER | 2026-01 | $660,000 | 1,908 | 54.7% |
| 304 BEAVERBROOK TER | 2025-12 | $636,000 | 1,908 | 54.2% |
| 1008 EDGEHILL TER | 2025-09 | $650,000 | 1,908 | 54.7% |
| 1607 NORTHCREST TER | 2025-07 | $552,500 | 1,908 | 64.3% |
| 1504 RIVEREDGE LN | 2025-06 | $598,000 | 1,908 | 58.6% |
| 42 FARVIEW AVE | 2025-01 | $701,000 | 2,028 | 55.6% |
| 39 LEFKE LN | 2025-12 | $700,000 | 2,160 | 54.5% |
| 502 WATERVIEW CT | 2025-12 | $645,000 | 1,914 | 56.6% |
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