The Fair Share Report
25 Second 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 $343,790 – $539,033, 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 $479,340 home should be assessed near $316,940.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $118,640 below what the ratio math suggests (37.4%).
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
31%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 |
|---|---|---|---|---|
| 4 FERN AVE | 2026-02 | $550,000 | 1,456 | 39.5% |
| 9 HATAKAWANNA TER | 2025-07 | $460,000 | 1,168 | 44.5% |
| 12 WOODLAND AVE | 2026-04 | $542,000 | 1,700 | 38.8% |
| 5 BABS RD | 2025-11 | $460,000 | 1,536 | 43.0% |
| 5 BABS RD | 2025-08 | $330,000 | 1,536 | 59.9% |
| 48 OLD BUDD LAKE RD | 2026-04 | $210,000 | 1,252 | 92.1% |
| 250 ROUTE 46 | 2026-02 | $410,000 | 1,921 | 37.8% |
| 9 PROSPECT AVE | 2026-04 | $415,000 | 1,000 | 44.0% |
| 6 FOREST RD | 2026-02 | $325,000 | 916 | 55.7% |
| 7 FLANDERS RD | 2025-07 | $390,000 | 1,256 | 48.6% |
| 8 CARTERET AVE | 2025-04 | $525,000 | 1,404 | 43.0% |
| 61 CLINTON AVE | 2025-08 | $465,000 | 1,747 | 43.6% |
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