The Fair Share Report
22 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 $694,001 – $859,632, 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 $794,912 home should be assessed near $525,596.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $171,096 below what the ratio math suggests (32.6%).
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
36%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 |
|---|---|---|---|---|
| 21 PLAYER PL | 2025-01 | $780,000 | 2,679 | 53.9% |
| 110 CONNELLY AVE | 2026-06 | $721,000 | 2,262 | 54.5% |
| 11 CROSSING DR | 2025-08 | $759,000 | 2,266 | 49.1% |
| 9 WATSON WAY | 2025-07 | $772,500 | 2,266 | 50.0% |
| 10 PINE GROVE RD | 2025-01 | $720,000 | 2,324 | 49.1% |
| 9 TALL OAKS LN | 2025-06 | $712,000 | 2,102 | 49.6% |
| 143 CRENSHAW DR | 2025-08 | $585,000 | 2,288 | 66.5% |
| 37 CANTERBURY CT | 2025-08 | $661,000 | 2,445 | 56.4% |
| 70 CRENSHAW DR | 2025-08 | $750,000 | 2,696 | 55.3% |
| 16 TALL OAKS LN | 2026-03 | $710,000 | 2,044 | 51.8% |
| 12 SNEAD CT | 2025-11 | $710,000 | 2,266 | 55.5% |
| 8 ANDREA CT | 2025-09 | $885,000 | 2,635 | 50.0% |
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