The Fair Share Report
281 Third St
Saddle Brook, NJ 07663
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 $640,844 – $832,180, from 12 comparable Saddle Brook 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 Saddle Brook assessments sit below market value — republished every October, applied town-wide. A $686,909 home should be assessed near $559,487.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,313 above what the ratio math suggests (6.7%).
Step 4 · The tax rate — same for every Saddle Brook home
$1.289 Schools · 54% $0.250 County · 11% $0.833 Town · 35%
This home's own bill implies $2.284 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Saddle Brook sale · assessed ÷ market
63%99%
Paying about right
This home's ratio lands inside Saddle Brook'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 |
|---|---|---|---|---|
| 238 SCHEPIS AVE | 2025-05 | $940,000 | 2,272 | 74.8% |
| 264 MIDLAND AVE | 2025-05 | $505,000 | 1,488 | 81.7% |
| 148 OXFORD AVE | 2025-04 | $803,500 | 1,878 | 78.9% |
| 488 FAIRLAWN PARKWAY | 2026-05 | $915,000 | 2,639 | 70.8% |
| 274 ALBANY ST | 2025-04 | $690,000 | 2,104 | 79.1% |
| 435 VAN LUYN TERR | 2025-01 | $680,000 | 2,121 | 80.9% |
| 57 MILLER ST | 2025-01 | $855,000 | 2,145 | 82.5% |
| 66 JAMROS TERRACE | 2026-04 | $665,000 | 2,092 | 76.6% |
| 190 FIFTH ST | 2025-04 | $718,000 | 2,140 | 97.0% |
| 128 BELL AVE | 2026-04 | $890,000 | 2,110 | 65.3% |
| 411 HILDA TERR | 2025-04 | $580,000 | 1,782 | 68.9% |
| 14 LEONHARDT DRIVE | 2025-05 | $715,000 | 2,299 | 77.1% |
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