The Fair Share Report
21 Second 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 $516,674 – $622,182, 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 $581,767 home should be assessed near $384,664.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $102,264 below what the ratio math suggests (26.6%).
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
37%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 |
|---|---|---|---|---|
| 31 DEVONSHIRE TER | 2025-07 | $555,000 | 2,049 | 57.2% |
| 6 BURNHAM PL | 2025-09 | $620,000 | 1,996 | 49.5% |
| 31 HILLERY DR | 2025-06 | $605,000 | 2,071 | 41.3% |
| 57 CLOVER HILL DR | 2026-03 | $470,000 | 1,824 | 58.7% |
| 50 CLOVER HILL DR | 2026-04 | $575,000 | 2,176 | 52.0% |
| 10 CARSON RD | 2025-10 | $563,000 | 1,920 | 47.6% |
| 1 RENAULT DR | 2026-03 | $665,000 | 2,074 | 46.1% |
| 25 BORDEAUX DR | 2025-09 | $610,000 | 2,074 | 52.1% |
| 13 LOUIS DR | 2025-02 | $610,000 | 1,960 | 42.7% |
| 149 CLOVER HILL DR | 2025-02 | $526,000 | 2,074 | 54.5% |
| 9 LINWOOD RD | 2026-05 | $690,000 | 2,078 | 43.5% |
| 150 CLOVER HILL DR | 2025-11 | $600,000 | 2,074 | 51.1% |
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