The Fair Share Report
3 Aster Ter
Mendham, NJ 07945
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 $791,397 – $1,441,875, from 12 comparable Mendham 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 Mendham assessments sit below market value — republished every October, applied town-wide. A $1,269,181 home should be assessed near $911,399.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $254,699 below what the ratio math suggests (27.9%).
Step 4 · The tax rate — same for every Mendham home
$1.661 Schools · 66% $0.302 County · 12% $0.563 Town · 22%
Step 5 · The bill
This home vs. every recent Mendham sale · assessed ÷ market
40%88%
Paying about right
This home's ratio lands inside Mendham'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 |
|---|---|---|---|---|
| 30 E MAIN ST | 2025-05 | $550,000 | 3,172 | 104.5% |
| 48 MAPLE AVE | 2026-05 | $1,300,000 | 2,912 | 50.3% |
| 9 HAMPTON RD | 2025-01 | $1,499,000 | 3,907 | 51.4% |
| 38 W MAIN ST | 2026-05 | $900,000 | 2,323 | 60.1% |
| 2 ADAMS PL | 2025-04 | $1,035,000 | 3,570 | 60.8% |
| 3 NEW ST | 2026-05 | $1,342,500 | 3,134 | 49.9% |
| 2 BRIDGE ST | 2025-03 | $650,000 | 2,915 | 86.3% |
| 2 QUIMBY LN | 2025-12 | $1,080,000 | 3,105 | 73.3% |
| 42 DEAN RD | 2026-05 | $1,550,000 | 3,390 | 54.1% |
| 68 WEXFORD DR | 2025-01 | $831,500 | 2,780 | 64.6% |
| 79 MOUNTAIN AVE | 2025-05 | $870,000 | 3,346 | 67.0% |
| 49 HARDSCRABBLE RD | 2025-03 | $1,585,000 | 3,481 | 79.2% |
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