The Fair Share Report
281 Eldon Ct
Ridgewood, NJ 07450
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 $712,360 – $981,347, from 12 comparable Ridgewood 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 Ridgewood assessments sit below market value — republished every October, applied town-wide. A $870,056 home should be assessed near $526,558.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,858 below what the ratio math suggests (4.0%).
Step 4 · The tax rate — same for every Ridgewood home
$1.801 Schools · 62% $0.347 County · 12% $0.742 Town · 26%
Step 5 · The bill
This home vs. every recent Ridgewood sale · assessed ÷ market
38%76%
Paying about right
This home's ratio lands inside Ridgewood'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 |
|---|---|---|---|---|
| 865 NORGATE DR | 2025-12 | $900,000 | — | 38.3% |
| 338 S VAN DIEN AVE | 2026-02 | $999,999 | 1,759 | 53.3% |
| 329 VESTA COURT | 2025-04 | $820,000 | 1,669 | 50.3% |
| 475 STEVENS AVE | 2025-06 | $1,010,000 | 1,854 | 52.1% |
| 955 BARNES DR | 2025-01 | $910,000 | 1,777 | 47.8% |
| 304 LAKEVIEW DR | 2025-09 | $669,000 | 1,724 | 58.1% |
| 414 JEFFERSON ST | 2025-07 | $640,000 | 1,692 | 65.1% |
| 343 DOWNS ST | 2025-01 | $1,160,000 | 2,046 | 48.1% |
| 259 BURNSIDE PL. | 2025-07 | $787,500 | 1,813 | 57.2% |
| 499 E SADDLE RIVER RD | 2026-01 | $900,000 | 1,836 | 50.9% |
| 202 WALTHERY AVE | 2025-04 | $1,190,000 | 1,716 | 42.4% |
| 726 MIDWOOD RD | 2025-04 | $752,000 | 1,768 | 68.5% |
Is this your house?
Run your own report →