The Fair Share Report
212 Eastern Way
Rutherford, NJ 07028
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 $533,374 – $721,265, from 12 comparable Rutherford 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 Rutherford assessments sit below market value — republished every October, applied town-wide. A $603,550 home should be assessed near $400,697.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,297 below what the ratio math suggests (8.3%).
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 $3.132 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%82%
Paying about right
This home's ratio lands inside Rutherford'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 |
|---|---|---|---|---|
| 272 VAN WINKLE PLACE | 2025-06 | $607,914 | 1,393 | 57.6% |
| 115 WILSON AVE | 2025-02 | $426,800 | 1,364 | 76.2% |
| 39 HAWTHORNE ST | 2025-06 | $517,500 | 1,312 | 76.1% |
| 47 ELYCROFT PKWY | 2026-05 | $615,000 | 1,314 | 61.2% |
| 11 AYER PL | 2026-01 | $670,000 | 1,322 | 53.4% |
| 40 CARMITA AVE | 2025-09 | $500,000 | 1,386 | 80.6% |
| 10 SUNDERLAND AVE | 2025-03 | $490,000 | 1,290 | 76.8% |
| 47 VANDERBURGH AVE | 2025-11 | $565,000 | 1,328 | 66.4% |
| 360 CARMITA AVE | 2025-08 | $700,000 | 1,331 | 49.2% |
| 114 DANIEL AVE | 2025-09 | $650,000 | 1,558 | 75.3% |
| 109 DANIEL AVE | 2026-03 | $635,000 | 1,200 | 56.0% |
| 20 WALNUT ST | 2025-11 | $560,000 | 1,267 | 73.1% |
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