The Fair Share Report
20 Third St
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 $600,189 – $728,715, 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 $649,214 home should be assessed near $429,260.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $135,660 below what the ratio math suggests (31.6%).
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
35%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 |
|---|---|---|---|---|
| 38 CRESTWOOD CIR | 2025-12 | $615,000 | 2,020 | 56.9% |
| 12 SNEAD CT | 2025-11 | $710,000 | 2,266 | 55.5% |
| 9 TALL OAKS LN | 2025-06 | $712,000 | 2,102 | 49.6% |
| 16 TALL OAKS LN | 2026-03 | $710,000 | 2,044 | 51.8% |
| 111 CRENSHAW DR | 2025-08 | $762,500 | 2,288 | 50.9% |
| 143 CRENSHAW DR | 2025-08 | $585,000 | 2,288 | 66.5% |
| 17 SCARBOROUGH CT | 2025-11 | $618,000 | 2,086 | 56.2% |
| 13 TUTBURY CT | 2025-10 | $610,000 | 2,086 | 57.1% |
| 33 LAMERSON CIR | 2025-04 | $590,000 | 2,102 | 55.8% |
| 14 CRESTWOOD CIR | 2025-05 | $690,000 | 1,922 | 52.2% |
| 9 WATSON WAY | 2025-07 | $772,500 | 2,266 | 50.0% |
| 24 PARK PL | 2025-01 | $750,000 | 2,160 | 45.6% |
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