The Fair Share Report
262 Second St
Saddle Brook, NJ 07430
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 $478,927 – $592,905, from 12 comparable Saddle Brook 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 Saddle Brook assessments sit below market value — republished every October, applied town-wide. A $542,435 home should be assessed near $441,813.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,113 below what the ratio math suggests (5.5%).
Step 4 · The tax rate — same for every Saddle Brook home
$1.289 Schools · 54% $0.250 County · 11% $0.833 Town · 35%
This home's own bill implies $2.295 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Saddle Brook sale · assessed ÷ market
63%99%
Paying about right
This home's ratio lands inside Saddle Brook'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 |
|---|---|---|---|---|
| 245 ALBERTA DR | 2025-03 | $585,000 | 1,267 | 63.9% |
| 588 MAPLE AVE | 2025-03 | $430,000 | 1,242 | 87.9% |
| 277 SCHEPIS AVE | 2025-03 | $590,000 | 1,240 | 69.2% |
| 179 HAYES DR | 2025-03 | $475,000 | 1,295 | 89.4% |
| 110 PLATT AVE | 2025-06 | $485,000 | 1,252 | 75.0% |
| 23 LIBERTY ST | 2026-03 | $600,000 | 1,306 | 64.2% |
| 169 CAMBRIDGE AVENUE | 2026-01 | $530,000 | 1,236 | 68.8% |
| 532 NORTH MIDLAND AV | 2025-04 | $548,600 | 1,402 | 77.6% |
| 344 SADDLE RIVER RD | 2025-05 | $544,000 | 1,207 | 83.4% |
| 51 CAMBRIDGE AVENUE | 2025-01 | $613,000 | 1,152 | 73.5% |
| 108 PEHLE AVE | 2026-02 | $555,000 | 1,349 | 72.3% |
| 264 NORTH BOULEVARD | 2025-04 | $528,000 | 1,444 | 80.7% |
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