The Fair Share Report
262 Walker St
Fairview, NJ 07022
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Fairview's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $455,678 – $648,947, from 12 comparable Fairview 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 Fairview assessments sit below market value — republished every October, applied town-wide. A $565,732 home should be assessed near $449,021.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,979 above what the ratio math suggests (11.6%).
Step 4 · The tax rate — same for every Fairview home
$0.908 Schools · 40% $0.255 County · 11% $1.112 Town · 49%
This home's own bill implies $2.127 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Fairview sale · assessed ÷ market
65%115%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 374 ROOSEVELT ST | 2025-03 | $640,000 | 1,577 | 78.6% |
| 438 CLIFF ST | 2025-03 | $700,000 | 1,460 | 66.3% |
| 143 FULTON AVE | 2025-03 | $650,000 | 1,408 | 78.5% |
| 626 PROSPECT AVE | 2026-02 | $525,000 | 1,330 | 76.9% |
| 308 CHESTNUT ST | 2025-02 | $530,000 | 1,224 | 78.1% |
| 411 MC KINLEY ST | 2026-01 | $360,000 | 1,056 | 110.9% |
| 319 8TH ST., UNIT 1 | 2026-02 | $655,000 | 1,536 | 103.7% |
| 410 CLIFF ST | 2026-02 | $600,000 | 1,942 | 86.0% |
| 615B PROSPECT AVE | 2026-04 | $545,000 | 1,198 | 88.2% |
| 412 MORNINGSIDE AVE | 2025-01 | $740,000 | 1,880 | 81.7% |
| 409 SHERMAN PLACE | 2025-01 | $580,000 | 1,837 | 104.5% |
| 503 PARK AVE | 2025-03 | $484,690 | 2,474 | 119.9% |
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