The Fair Share Report
237 Harvard Dr
Independence, NJ 07840
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 $429,227 – $530,752, from 12 comparable Independence 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 Independence assessments sit below market value — republished every October, applied town-wide. A $466,976 home should be assessed near $276,590.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $77,290 below what the ratio math suggests (27.9%).
Step 4 · The tax rate — same for every Independence home
$2.295 Schools · 60% $0.873 County · 23% $0.627 Town · 17%
Step 5 · The bill
This home vs. every recent Independence sale · assessed ÷ market
32%74%
Paying about right
This home's ratio lands inside Independence'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 |
|---|---|---|---|---|
| 121 WINGATE DR | 2025-07 | $425,000 | 1,964 | 48.2% |
| 88 OVERLOOK DR | 2025-10 | $390,500 | 1,840 | 46.8% |
| 117 WINGATE DR | 2025-01 | $375,000 | 1,624 | 52.9% |
| 73 OVERLOOK DR | 2025-10 | $335,000 | 1,770 | 50.6% |
| 60 OVERLOOK DR | 2025-07 | $350,000 | 1,770 | 49.7% |
| 182 DURHAM CT | 2025-08 | $440,000 | 1,624 | 43.2% |
| 191 KEMPER CT | 2026-06 | $410,000 | 1,610 | 49.1% |
| 189 KEMPER CT | 2026-04 | $408,000 | 1,610 | 46.8% |
| 232 HARVARD DR | 2025-09 | $360,000 | 1,610 | 50.3% |
| 220 HARVARD DR | 2026-06 | $429,000 | 1,508 | 43.8% |
| 220 HARVARD DR | 2026-03 | $350,000 | 1,508 | 53.7% |
| 226 HARVARD DR | 2026-02 | $390,000 | 1,508 | 49.2% |
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