The Fair Share Report
229 Silver Ave
Hillside, NJ 07205
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 $422,217 – $628,282, from 12 comparable Hillside sales in the past 18 months, at this home's 2,156 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Hillside assessments sit below market value — republished every October, applied town-wide. A $547,340 home should be assessed near $133,168.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,332 above what the ratio math suggests (33.3%).
Step 4 · The tax rate — same for every Hillside home
$3.447 Schools · 39% $1.407 County · 16% $4.044 Town · 45%
Step 5 · The bill
This home vs. every recent Hillside sale · assessed ÷ market
14%47%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (27.98%) — roughly $3,945/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 284 SHELTON TERR | 2025-08 | $400,000 | 2,136 | 30.0% |
| 345 SANFORD AVE | 2026-04 | $525,000 | 2,068 | 22.7% |
| 1017 SALEM AVE | 2025-11 | $555,000 | 2,017 | 24.7% |
| 1580 SUMMIT AVE | 2025-09 | $451,000 | 2,085 | 28.7% |
| 1467 CENTER ST | 2026-05 | $400,000 | 2,338 | 25.2% |
| 244 RYAN ST | 2026-05 | $725,000 | 2,030 | 19.1% |
| 244 RYAN ST | 2026-01 | $495,000 | 2,030 | 27.9% |
| 220 SILVER AVE | 2025-12 | $630,000 | 2,396 | 20.9% |
| 1583 WYNDMOOR AVE | 2025-06 | $505,000 | 2,450 | 24.6% |
| 1570-72 CLINTON PL | 2025-11 | $570,000 | 1,956 | 22.9% |
| 207 ARTHUR ST | 2025-06 | $570,000 | 1,824 | 23.3% |
| 208 LONG AVE | 2026-03 | $395,000 | 2,210 | 29.5% |
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