The Fair Share Report
21 Riverview Ct
Secaucus, NJ 07653
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Good news — this home pays less than its share
Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.
Step 1 · Market value
Likely range $566,252 – $636,691, from 12 comparable Secaucus 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 Secaucus assessments sit below market value — republished every October, applied town-wide. A $589,185 home should be assessed near $218,588.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $93,888 below what the ratio math suggests (43.0%).
Step 4 · The tax rate — same for every Secaucus home
$1.462 Schools · 34% $0.853 County · 20% $1.952 Town · 46%
Step 5 · The bill
This home vs. every recent Secaucus sale · assessed ÷ market
14%48%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 705 MAINSAIL LANE | 2026-05 | $660,000 | 1,704 | 21.2% |
| 714 MAINSAIL LANE | 2026-03 | $635,000 | 1,704 | 22.1% |
| 726 MAINSAIL LANE | 2026-02 | $695,000 | 1,704 | 21.8% |
| 753 MAINSAIL LANE | 2025-11 | $593,000 | 1,704 | 23.6% |
| 801 SPINNAKER COURT | 2025-07 | $610,000 | 1,704 | 22.9% |
| 789 SPINNAKER COURT | 2025-05 | $608,000 | 1,704 | 28.9% |
| 1307 HARMON COVE TOWERS | 2026-06 | $450,000 | 1,686 | 41.2% |
| 420 EGRET LA | 2025-08 | $595,000 | 1,718 | 26.5% |
| 458 DUNLIN PLAZA | 2025-07 | $590,000 | 1,718 | 28.5% |
| 429 HARMON COVE TOWERS | 2025-09 | $375,000 | 1,793 | 41.5% |
| 1139 FARM ROAD | 2025-04 | $670,000 | 1,624 | 26.6% |
| 308 SEA ISLE KEY | 2025-10 | $600,000 | 1,780 | 29.9% |
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