The Fair Share Report
206 Eastern Way
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 $386,627 – $626,727, from 12 comparable Rutherford sales in the past 18 months, at this home's 1,089 sq ft.
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 $481,326 home should be assessed near $319,552.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $105,848 above what the ratio math suggests (33.1%).
Step 4 · The tax rate — same for every Rutherford home
$1.890 Schools · 59% $0.321 County · 10% $0.987 Town · 31%
This home's own bill implies $3.081 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Rutherford sale · assessed ÷ market
44%115%
A touch high — worth watching
This home's ratio sits above most of Rutherford, but doesn't clear NJ's legal appeal line (76.35%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 59 DANIEL AVENUE | 2025-10 | $706,000 | 1,162 | 53.2% |
| 51 MAPLE ST | 2025-07 | $625,000 | 1,086 | 54.6% |
| 14 ELIZABETH STREET | 2025-07 | $595,000 | 973 | 56.7% |
| 126 HACKETT PLACE A204 | 2025-12 | $270,000 | 1,092 | 88.9% |
| 126 HACKETT PL B201 | 2025-07 | $365,000 | 1,092 | 58.6% |
| 39 HAWTHORNE ST | 2025-06 | $517,500 | 1,312 | 76.1% |
| 109 DANIEL AVE | 2026-03 | $635,000 | 1,200 | 56.0% |
| 20 WALNUT ST | 2025-11 | $560,000 | 1,267 | 73.1% |
| 360 CARMITA AVE | 2025-08 | $700,000 | 1,331 | 49.2% |
| 40 CARMITA AVE | 2025-09 | $500,000 | 1,386 | 80.6% |
| 10 SUNDERLAND AVE | 2025-03 | $490,000 | 1,290 | 76.8% |
| 189 SUMMIT CROSS | 2025-01 | $560,000 | 1,303 | 79.4% |
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