The Fair Share Report

28 Jane St

E Rutherford, NJ 07073

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.

Step 1 · Market value

≈ $564,549

Likely range $508,397 – $671,464, from 12 comparable East Rutherford sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

102.14%

The state's official measure of how far East Rutherford assessments sit below market value — republished every October, applied town-wide. A $564,549 home should be assessed near $576,630.

Step 3 · Assessed value

$524,100

Set at the last town-wide revaluation and mostly frozen since. That's $52,530 below what the ratio math suggests (9.1%).

Step 4 · The tax rate — same for every East Rutherford home

$1.608 per $100 assessed

$0.926 Schools · 58% $0.236 County · 15% $0.446 Town · 28%

This home's own bill implies $1.548 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$8,114/yr
Public schools$4,673
Bergen County$1,191
Town of East Rutherford$2,251
East Rutherford average$8,179

This home vs. every recent East Rutherford sale · assessed ÷ market

Town median 82.8%
This home · 92.8%

70%109%

Paying about right

This home's ratio lands inside East Rutherford's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
275 LAUREL PL2025-05$670,0001,53484.1%
96 PROSPECT TERR2026-02$655,0001,70987.9%
34 BOBBINK TERR2026-05$646,0001,38288.3%
48 MCKENZIE AVE2025-05$688,0001,87683.7%
58 MOZART ST2026-06$658,0002,08482.8%
11-B TRIUMPH CT2025-04$627,0001,60877.0%
828 PATERSON AVE2026-01$720,0002,04382.0%
132 UNION AVENUE #405A2026-05$560,0001,26782.9%
104 RIVER RENAISSANCE2025-05$450,0001,24186.2%
47 VREELAND AVE2025-06$764,0002,58073.2%
101 CARLTON AVE2025-03$465,00098490.0%
95 ATKINS TERR2026-04$750,0002,07580.6%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →