The Fair Share Report
3 Forest Dr
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 $989,567 – $1,780,779, 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 $1,425,591 home should be assessed near $1,023,717.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $177,917 below what the ratio math suggests (17.4%).
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
42%91%
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 |
|---|---|---|---|---|
| 42 DEAN RD | 2026-05 | $1,550,000 | 3,390 | 54.1% |
| 27 PHOENIX DR | 2025-07 | $1,485,000 | 3,540 | 48.6% |
| 2 ADAMS PL | 2025-04 | $1,035,000 | 3,570 | 60.8% |
| 7 DRAKE RD | 2025-07 | $1,210,000 | 4,350 | 70.9% |
| 79 MOUNTAIN AVE | 2025-05 | $870,000 | 3,346 | 67.0% |
| 52 W MAIN ST | 2025-08 | $1,410,000 | 4,023 | 69.7% |
| 18 DEAN RD | 2026-02 | $1,310,000 | 2,698 | 53.0% |
| 23 DRAKE RD | 2025-09 | $1,100,000 | 2,919 | 56.6% |
| 30 E MAIN ST | 2025-05 | $550,000 | 3,172 | 104.5% |
| 2 QUIMBY LN | 2025-12 | $1,080,000 | 3,105 | 73.3% |
| 17 VALLEY WAY | 2025-11 | $995,000 | 2,544 | 66.9% |
| 11 PROSPECT ST | 2025-10 | $950,000 | 4,133 | 75.2% |
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