The Fair Share Report
28 Eric Dr
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 $654,391 – $676,220, 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 $662,713 home should be assessed near $642,898.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,602 above what the ratio math suggests (5.8%).
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 $1.586 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%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $624/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 32 APPLETREE ROAD | 2026-01 | $651,000 | 1,777 | 96.5% |
| 72 APPLETREE ROAD | 2025-02 | $640,000 | 1,760 | 99.3% |
| 20 ALDEN TERRACE | 2025-01 | $590,000 | 1,754 | 97.6% |
| 11 QUAILTREE LANE | 2026-05 | $775,000 | 1,838 | 86.2% |
| 57 STARLIGHT ROAD | 2025-01 | $650,000 | 1,760 | 99.8% |
| 63 MARINERS COVE | 2025-05 | $580,000 | 1,839 | 98.0% |
| 36 APPLETREE ROAD | 2025-06 | $705,000 | 1,856 | 99.7% |
| 8 HEDGEWOOD ROAD | 2026-01 | $699,000 | 1,760 | 98.0% |
| 10 REMSEN DRIVE | 2025-03 | $650,000 | 1,744 | 100.8% |
| 29 CANNONBALL DRIVE | 2025-01 | $630,000 | 1,714 | 99.1% |
| 10 HONEYSUCKLE WAY | 2026-05 | $700,000 | 1,872 | 93.6% |
| 30 VIRGINIA DRIVE | 2025-02 | $599,900 | 1,824 | 101.8% |
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