The Fair Share Report
207 Devon Rd
Plumsted, NJ 08514
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 $643,224 – $738,135, from 12 comparable Plumsted 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 Plumsted assessments sit below market value — republished every October, applied town-wide. A $693,897 home should be assessed near $401,558.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $221,042 above what the ratio math suggests (55.0%).
Step 4 · The tax rate — same for every Plumsted home
$2.255 Schools · 72% $0.543 County · 17% $0.351 Town · 11%
This home's own bill implies $2.031 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Plumsted sale · assessed ÷ market
79%105%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (66.55%) — roughly $6,958/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 409A E MILLSTREAM RD | 2025-03 | $625,000 | 2,208 | 96.4% |
| 50 HAMPSHIRE CT | 2025-05 | $729,900 | 2,372 | 88.8% |
| 4 LINA DR | 2026-06 | $680,000 | 2,394 | 91.8% |
| 1 HEMLOCK DR | 2026-03 | $835,000 | 2,500 | 89.3% |
| 4 COUNTRY CT | 2025-03 | $659,900 | 2,040 | 89.2% |
| 353 FIELDCREST DR | 2026-03 | $690,000 | 2,372 | 90.9% |
| 6 HYACINTH CT | 2025-04 | $850,000 | 2,616 | 90.3% |
| 333 FIELDCREST DR | 2025-03 | $750,000 | 2,556 | 93.5% |
| 12 MARISSA DR | 2026-06 | $850,000 | 2,528 | 85.0% |
| 5 WYTHE RD | 2026-06 | $795,000 | 2,473 | 84.7% |
| 2 LETITIA DR | 2026-06 | $737,000 | 2,559 | 88.5% |
| 18 HEMLOCK DR | 2026-04 | $817,500 | 2,819 | 86.0% |
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