The Fair Share Report

28 Maple Ave

Closter, NJ 07624

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

≈ $1,439,542

Likely range $1,375,302 – $1,622,411, from 12 comparable Closter sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

86.08%

The state's official measure of how far Closter assessments sit below market value — republished every October, applied town-wide. A $1,439,542 home should be assessed near $1,239,158.

Step 3 · Assessed value

$1,210,000

Set at the last town-wide revaluation and mostly frozen since. That's $29,158 below what the ratio math suggests (2.4%).

Step 4 · The tax rate — same for every Closter home

$2.071 per $100 assessed

$1.285 Schools · 62% $0.239 County · 12% $0.547 Town · 26%

This home's own bill implies $1.860 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$22,506/yr
Public schools$13,964
Bergen County$2,597
Town of Closter$5,944
Closter average$19,587

This home vs. every recent Closter sale · assessed ÷ market

Town median 88.4%
This home · 84.1%

66%104%

Paying about right

This home's ratio lands inside Closter'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
32 RUTGERS ST2026-04$1,780,0002,88477.0%
8 ALPINE DR2026-05$1,599,0003,25986.6%
15 FOURTH ST2025-01$1,558,0003,18584.3%
9 MAPLEWOOD RD2025-01$2,000,0003,86784.7%
384 BLANCH AVE2026-03$1,149,0002,90276.5%
56 ARNOLD AVE2026-04$2,120,0003,64768.7%
19 KINKAID2025-03$1,310,0002,41472.0%
65 ROBINHOOD AVE2025-06$1,470,0003,11287.2%
233 HIGH ST2025-06$1,543,0003,18091.1%
343 DEMAREST AVE2026-01$1,071,0002,64190.6%
49 ALPINE DR2025-01$1,983,0004,26889.3%
325 HIGH ST2026-05$999,0003,48896.9%

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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 →