The Fair Share Report
23 Ruby Ln
East Hanover, NJ 07936
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 $365,296 – $419,743, from 12 comparable East Hanover 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 East Hanover assessments sit below market value — republished every October, applied town-wide. A $397,406 home should be assessed near $204,306.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $136,106 below what the ratio math suggests (66.6%).
Step 4 · The tax rate — same for every East Hanover home
$1.391 Schools · 52% $0.398 County · 15% $0.863 Town · 33%
Step 5 · The bill
This home vs. every recent East Hanover sale · assessed ÷ market
11%65%
Keep quiet and enjoy it
This home's assessment ratio sits below the East Hanover pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 15-2 DARA DR | 2025-07 | $350,000 | 1,000 | 54.7% |
| 20-1 DARA DR | 2025-06 | $400,000 | 1,000 | 47.9% |
| 24-1 DARA DR | 2025-04 | $360,000 | 1,000 | 53.9% |
| 14-1 DARA DR | 2025-04 | $370,000 | 1,000 | 51.7% |
| 16 CLAIRE CT | 2026-01 | $560,000 | 1,277 | 36.0% |
| 18 DONNA DR | 2025-08 | $487,500 | 1,277 | 41.2% |
| 2 DONNA DR | 2025-06 | $499,000 | 1,277 | 40.4% |
| 5 JOSEPH DR | 2025-03 | $510,000 | 1,277 | 43.7% |
| 8 GINA CT | 2025-02 | $300,000 | 1,277 | 67.3% |
| 645 RIDGEDALE AVE UNIT 6 | 2025-10 | $485,000 | 1,200 | 48.5% |
| 31 DONNA DR | 2026-04 | $600,000 | 1,457 | 44.0% |
| 32 GINA CT | 2026-04 | $510,000 | 1,457 | 41.7% |
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