The Fair Share Report
3 Katie Dr
Oldmans, NJ 08067
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 $360,000 – $620,000, from 8 comparable Oldmans sales in the past 18 months.
Step 2 · The Director's Ratio
The state's official measure of how far Oldmans assessments sit below market value — republished every October, applied town-wide. A $375,000 home should be assessed near $302,588.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $307,413 above what the ratio math suggests (101.6%).
Step 4 · The tax rate — same for every Oldmans home
$1.223 Schools · 45% $1.279 County · 47% $0.197 Town · 7%
Step 5 · The bill
This home vs. every recent Oldmans sale · assessed ÷ market
43%175%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (92.79%) — roughly $8,297/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2 LERRO RD | 2025-06 | $375,000 | 1,256 | 59.2% |
| 85 NEW RD | 2025-10 | $360,000 | 1,752 | 48.4% |
| 2 KATIE DRIVE | 2025-06 | $699,900 | — | 76.8% |
| 2 KATIE DRIVE | 2025-03 | $600,000 | — | 89.7% |
| 7 NICOLE CIRCLE | 2025-09 | $620,000 | — | 80.5% |
| 102 PENNSVL-PEDRICKTN RD | 2026-03 | $350,000 | 2,192 | 70.3% |
| 267 STRAUGHNS MILL ROAD | 2025-07 | $410,000 | 1,475 | 58.8% |
| 25 POINTERS-AUBURN RD | 2025-01 | $335,000 | 1,560 | 63.7% |
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