The Fair Share Report
26 E Third St
Howell, NJ 07731
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 $390,248 – $431,332, from 12 comparable Howell 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 Howell assessments sit below market value — republished every October, applied town-wide. A $412,046 home should be assessed near $399,726.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $12,526 below what the ratio math suggests (3.1%).
Step 4 · The tax rate — same for every Howell home
$1.121 Schools · 68% $0.218 County · 13% $0.320 Town · 19%
This home's own bill implies $1.448 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Howell sale · assessed ÷ market
84%111%
Paying about right
This home's ratio lands inside Howell'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 |
|---|---|---|---|---|
| 55 FARNWORTH CLOSE | 2026-02 | $400,000 | 1,295 | 100.9% |
| 22 FARNWORTH CLOSE | 2026-06 | $387,000 | 1,261 | 104.4% |
| 19 JAFFREYTON CLOSE | 2026-05 | $398,000 | 1,261 | 101.3% |
| 39 FARNWORTH CLOSE | 2025-03 | $405,000 | 1,261 | 99.6% |
| 38 MORDEN CLOSE | 2026-03 | $414,000 | 1,261 | 110.0% |
| 6 MORDEN CLOSE | 2025-02 | $405,000 | 1,261 | 102.9% |
| 3 TRACEY COURT | 2025-01 | $410,000 | 1,320 | 98.7% |
| 157 SETTER PLACE | 2026-02 | $400,000 | 1,356 | 109.3% |
| 27 FARNWORTH CLOSE | 2025-03 | $385,000 | 1,226 | 100.7% |
| 12 FLAMINGO DRIVE | 2025-01 | $376,000 | 1,320 | 102.6% |
| 6 CANARY CIRCLE | 2025-06 | $331,000 | 1,276 | 103.4% |
| 6 PELICAN ROAD | 2025-04 | $410,000 | 1,276 | 97.7% |
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