The Fair Share Report
3 E Dr
Stanhope, NJ 07874
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 $313,212 – $475,043, from 12 comparable Stanhope 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 Stanhope assessments sit below market value — republished every October, applied town-wide. A $405,613 home should be assessed near $224,466.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $149,134 above what the ratio math suggests (66.4%).
Step 4 · The tax rate — same for every Stanhope home
$2.600 Schools · 56% $0.686 County · 15% $1.373 Town · 29%
This home's own bill implies $1.915 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 Stanhope sale · assessed ÷ market
73%125%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (63.64%) — roughly $6,948/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 31 HIGHLAND AVE | 2026-03 | $450,000 | 1,247 | 91.9% |
| 108 BROOKLYN RD | 2025-05 | $520,000 | 1,254 | 87.8% |
| 7 WALTON ST | 2025-03 | $300,000 | 1,364 | 131.2% |
| 16-18 KING ST | 2026-05 | $600,000 | 1,418 | 75.7% |
| 22 HIGHLAND AVE | 2026-01 | $350,000 | 1,210 | 98.3% |
| 189 STONEGATE LN | 2026-01 | $510,000 | 1,056 | 81.2% |
| 36 LLOYD AVE | 2025-04 | $375,000 | 1,009 | 101.4% |
| 55 MUSCONETCONG AVE | 2025-01 | $487,000 | 1,310 | 98.8% |
| 4 LLOYD AVE | 2026-03 | $490,000 | 1,075 | 87.6% |
| 24 LLOYD AVE | 2025-03 | $410,000 | 1,196 | 100.2% |
| 104 STONEGATE LN | 2026-02 | $360,000 | 1,080 | 86.1% |
| 34 HIGHLAND AVE | 2025-06 | $567,000 | 1,674 | 90.7% |
Is this your house?
Run your own report →