The Fair Share Report
29 Maple Ave
Madison, NJ 07940
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 $891,136 – $1,258,948, from 12 comparable Madison sales in the past 18 months, at this home's 2,423 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Madison assessments sit below market value — republished every October, applied town-wide. A $1,149,052 home should be assessed near $691,959.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $78,041 above what the ratio math suggests (11.3%).
Step 4 · The tax rate — same for every Madison home
$1.423 Schools · 63% $0.350 County · 16% $0.481 Town · 21%
Step 5 · The bill
This home vs. every recent Madison sale · assessed ÷ market
41%92%
Paying about right
This home's ratio lands inside Madison'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 |
|---|---|---|---|---|
| 27 LATHROP AVE | 2025-11 | $995,000 | 1,915 | 50.5% |
| 73 BRITTIN ST | 2025-04 | $1,600,000 | 2,743 | 54.9% |
| 4 FAIRWOOD RD | 2026-02 | $875,000 | 2,184 | 73.8% |
| 95 PARK AVE | 2025-06 | $650,000 | 2,065 | 55.3% |
| 57 GREENWOOD AVE | 2026-05 | $1,150,000 | 2,425 | 50.2% |
| 152 LOANTAKA WAY | 2025-05 | $1,175,000 | 2,430 | 54.0% |
| 50 PROSPECT ST | 2026-05 | $999,999 | 2,719 | 77.5% |
| 23 WEST ST | 2026-01 | $799,000 | 2,020 | 49.9% |
| 21 STATION RD | 2025-11 | $650,000 | 1,836 | 79.7% |
| 11 DELBARTON DR | 2025-09 | $830,000 | 2,474 | 65.9% |
| 150 CENTRAL AVE | 2025-09 | $1,050,000 | 2,100 | 56.6% |
| 6 HOWELL ST | 2025-10 | $1,070,000 | 2,160 | 48.4% |
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