The Fair Share Report
3 Applegate Ln
Plumsted, NJ 08022
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 $391,263 – $471,553, from 12 comparable Plumsted sales in the past 18 months, at this home's 1,416 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Plumsted assessments sit below market value — republished every October, applied town-wide. A $451,453 home should be assessed near $261,256.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $142,744 above what the ratio math suggests (54.6%).
Step 4 · The tax rate — same for every Plumsted home
$2.255 Schools · 72% $0.543 County · 17% $0.351 Town · 11%
This home's own bill implies $1.503 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 Plumsted sale · assessed ÷ market
79%109%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (66.55%) — roughly $4,494/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 19 OAKWOOD DR | 2026-02 | $527,500 | 1,584 | 101.4% |
| 280 LAKEWOOD RD | 2026-02 | $545,000 | 1,479 | 91.5% |
| 19 HIGHBRIDGE RD | 2026-04 | $520,000 | 1,631 | 86.1% |
| 70-72 JACOBSTOWN RD | 2026-01 | $449,500 | 1,450 | 98.0% |
| 172 HAWKIN RD | 2026-06 | $525,000 | 1,900 | 98.4% |
| 6 TERRACE AVE | 2025-05 | $275,000 | 1,663 | 173.4% |
| 59 BRYNMORE RD | 2025-06 | $630,000 | 1,781 | 98.0% |
| 38-40 STORY ST | 2025-04 | $400,000 | 1,248 | 94.0% |
| 17 MAGNOLIA AVE | 2026-05 | $358,700 | 1,513 | 95.8% |
| 24-26 CEDAR ST | 2026-04 | $540,000 | 1,932 | 80.7% |
| 45-47 MAGNOLIA AVE | 2025-05 | $460,000 | 2,066 | 99.6% |
| 115 BRINDLETOWN RD | 2025-01 | $415,000 | 1,416 | 93.7% |
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