The Fair Share Report

24 Third St

Roxbury, NJ 07847

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.

Step 1 · Market value

≈ $564,726

Likely range $413,929 – $639,763, from 12 comparable Roxbury sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

64.45%

The state's official measure of how far Roxbury assessments sit below market value — republished every October, applied town-wide. A $564,726 home should be assessed near $363,966.

Step 3 · Assessed value

$301,900

Set at the last town-wide revaluation and mostly frozen since. That's $62,066 below what the ratio math suggests (17.1%).

Step 4 · The tax rate — same for every Roxbury home

$2.820 per $100 assessed

$1.792 Schools · 64% $0.336 County · 12% $0.693 Town · 25%

Step 5 · The bill

$8,517/yr
Public schools$5,410
Morris County$1,014
Town of Roxbury$2,092
Roxbury average$9,773

This home vs. every recent Roxbury sale · assessed ÷ market

Town median 57.0%
This home · 53.5%

42%80%

Paying about right

This home's ratio lands inside Roxbury's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
28 N HILLSIDE AVE2025-05$587,5001,78055.5%
20 CORWIN ST2026-01$390,0001,55463.6%
214 MAIN ST, LEDGE2025-09$450,0001,75753.9%
3 RARITAN AVE2025-07$540,0001,47256.4%
31 KING RD2025-02$850,0001,60053.3%
15 S DELL AVE2025-02$550,0001,75057.7%
31 SILVER SPRINGS DR2025-04$855,0001,30860.9%
572 MAIN ST, LAND2025-08$455,0001,83652.1%
621-23 ROUTE 46, KEN2025-02$500,0001,87255.8%
4 MECHANIC ST2025-06$400,0001,56072.7%
31 N FIRST AVE2025-11$550,0001,58344.1%
6 CONDIT ST2025-08$580,0001,43152.2%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →