The Fair Share Report
237 E Main St
Prospect Park, NJ 07508
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 $265,122 – $402,035, from 12 comparable Prospect Park 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 Prospect Park assessments sit below market value — republished every October, applied town-wide. A $317,734 home should be assessed near $128,682.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,382 below what the ratio math suggests (10.4%).
Step 4 · The tax rate — same for every Prospect Park home
$2.988 Schools · 48% $1.031 County · 17% $2.212 Town · 35%
Step 5 · The bill
This home vs. every recent Prospect Park sale · assessed ÷ market
23%52%
Paying about right
This home's ratio lands inside Prospect Park'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 |
|---|---|---|---|---|
| 286 NO 4TH ST | 2026-06 | $100,000 | — | 36.7% |
| 250 NO 12TH PL | 2026-03 | $510,000 | 1,084 | 32.4% |
| 203 EAST MAIN ST | 2025-09 | $340,000 | 1,060 | 43.8% |
| 185 EAST MAIN ST | 2025-06 | $335,000 | 1,060 | 45.7% |
| 187 EAST MAIN ST | 2025-03 | $330,000 | 1,060 | 44.7% |
| 115 NO 12TH ST | 2025-08 | $530,000 | 1,363 | 30.1% |
| 321 NO 15TH PL | 2025-06 | $420,000 | 696 | 31.1% |
| 160 NO 12TH ST | 2025-09 | $520,000 | 1,472 | 35.2% |
| 421 NO 11TH ST | 2026-05 | $625,000 | 1,342 | 31.1% |
| 316 NO 15TH PL | 2026-05 | $510,000 | 998 | 32.2% |
| 201 FAIRVIEW AVE | 2025-06 | $425,000 | 1,118 | 41.7% |
| 334 NO 9TH ST | 2025-04 | $515,000 | 1,368 | 37.5% |
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