The Fair Share Report
23 Third 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 $330,385 – $441,651, 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 $364,861 home should be assessed near $241,246.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $82,546 below what the ratio math suggests (34.2%).
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
30%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 |
|---|---|---|---|---|
| 24 FOREST RD | 2025-07 | $355,000 | 1,008 | 49.8% |
| 13 STONEWALD CT DR | 2026-06 | $447,000 | 1,092 | 47.0% |
| 11 CHURCH ST | 2025-12 | $475,000 | 910 | 40.2% |
| 6 NORTH RD | 2025-05 | $383,000 | 940 | 53.7% |
| 4 FIRST ST | 2025-12 | $275,000 | 840 | 62.3% |
| 29 FOREST RD | 2026-04 | $350,000 | 838 | 50.3% |
| 31 LOZIER RD | 2025-01 | $285,000 | 962 | 69.7% |
| 6 LAKEVIEW AVE | 2026-05 | $410,000 | 936 | 50.3% |
| 9 PROSPECT AVE | 2026-04 | $415,000 | 1,000 | 44.0% |
| 94 MT OLIVE RD | 2025-02 | $358,000 | 1,041 | 50.4% |
| 14 STONEWALD RD | 2026-02 | $415,000 | 836 | 41.0% |
| 32 OUTLOOK AVE | 2025-08 | $401,000 | 1,523 | 51.7% |
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