The Fair Share Report
3 E Elbrook Dr
Allendale, NJ 07401
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 $977,699 – $1,300,533, from 12 comparable Allendale 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 Allendale assessments sit below market value — republished every October, applied town-wide. A $1,196,651 home should be assessed near $1,018,470.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $348,930 above what the ratio math suggests (34.3%).
Step 4 · The tax rate — same for every Allendale home
$1.271 Schools · 63% $0.240 County · 12% $0.518 Town · 26%
This home's own bill implies $1.683 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Allendale sale · assessed ÷ market
70%145%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (97.88%) — roughly $7,083/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 FOX RUN | 2026-04 | $1,200,000 | 2,696 | 75.0% |
| 118 GREEN WAY | 2026-02 | $1,310,000 | 2,664 | 92.0% |
| 9 RIO VISTA DR. | 2025-01 | $849,000 | 2,542 | 96.4% |
| 31 GLORIA DR | 2025-01 | $1,300,000 | 3,375 | 129.6% |
| 514 MARK RD | 2025-03 | $1,085,000 | 2,604 | 109.1% |
| 740 W CRESCENT AVE | 2025-03 | $920,000 | 3,160 | 104.0% |
| 89 CHESTNUT ST | 2025-01 | $802,000 | 2,254 | 102.3% |
| 1 ACKERSON RD | 2025-01 | $1,175,000 | 2,822 | 84.8% |
| 8 NADLER COURT | 2025-03 | $2,405,000 | 3,776 | 90.0% |
| 10 WILTON DR | 2025-03 | $1,550,000 | 3,514 | 80.2% |
| 75 CHEROKEE AVE | 2026-04 | $840,000 | 2,104 | 91.8% |
| 635 FRANKLIN TPKE | 2025-05 | $950,000 | 2,406 | 80.7% |
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