The Fair Share Report
29 Second St
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $592,340 – $714,084, from 12 comparable Closter sales in the past 18 months, at this home's 1,135 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Closter assessments sit below market value — republished every October, applied town-wide. A $638,438 home should be assessed near $549,567.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $319,433 above what the ratio math suggests (58.1%).
Step 4 · The tax rate — same for every Closter home
$1.285 Schools · 62% $0.239 County · 12% $0.547 Town · 26%
This home's own bill implies $1.444 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Closter sale · assessed ÷ market
66%152%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (98.99%) — roughly $6,615/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 533 HIGH ST | 2025-02 | $865,000 | 1,043 | 81.3% |
| 56 HARVEY ST | 2026-05 | $730,000 | 1,184 | 69.1% |
| 14 COLUMBUS AVE | 2026-03 | $630,000 | 1,128 | 94.9% |
| 19 PINE ST. | 2026-03 | $720,000 | 936 | 88.4% |
| 280 KNICKERBOCKER RD | 2026-03 | $730,000 | 1,293 | 91.2% |
| 9 HARING ST | 2025-02 | $620,000 | 1,188 | 79.8% |
| 449 CLOSTER DOCK RD | 2025-01 | $800,000 | 1,440 | 91.2% |
| 351 DURIE AVE | 2025-06 | $740,000 | 1,519 | 88.9% |
| 4 LOCKWOOD LANE | 2026-03 | $950,000 | 1,368 | 83.0% |
| 15 WELLINGTON AVE | 2025-04 | $591,400 | 940 | 92.2% |
| 61 JULIA ST | 2026-04 | $810,000 | 1,440 | 93.9% |
| 5 WILLOW RD | 2025-03 | $720,000 | 1,599 | 93.0% |
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