The Fair Share Report
3 Patrick Ct
Mount Olive, NJ 07836
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 $808,720 – $926,256, from 12 comparable Mount Olive sales in the past 18 months, at this home's 2,796 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Mount Olive assessments sit below market value — republished every October, applied town-wide. A $881,225 home should be assessed near $582,666.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $180,266 below what the ratio math suggests (30.9%).
Step 4 · The tax rate — same for every Mount Olive home
$2.310 Schools · 69% $0.345 County · 10% $0.711 Town · 21%
Step 5 · The bill
This home vs. every recent Mount Olive sale · assessed ÷ market
37%82%
Paying about right
This home's ratio lands inside Mount Olive'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 |
|---|---|---|---|---|
| 5 BRENDAN DR | 2025-08 | $820,000 | 2,835 | 49.5% |
| 22 KEVIN DR | 2026-06 | $950,000 | 2,754 | 45.9% |
| 4 VICTORIA DR | 2026-05 | $799,000 | 2,752 | 53.5% |
| 19 BENNINGTON DR | 2025-08 | $781,000 | 2,478 | 48.1% |
| 164 RIVER RD | 2026-01 | $765,000 | 2,556 | 50.8% |
| 162 RIVER RD | 2026-02 | $710,000 | 3,042 | 57.3% |
| 7 WINCHESTER AVE | 2026-06 | $875,000 | 2,712 | 48.3% |
| 39 COREY RD | 2026-06 | $830,000 | 2,464 | 41.5% |
| 33 CARLTON RD | 2025-10 | $830,000 | 2,683 | 52.1% |
| 3 OXFORD RD | 2025-07 | $785,000 | 2,844 | 52.9% |
| 5 PATRIOTS WAY | 2025-09 | $735,000 | 2,776 | 52.3% |
| 3 KERRY PL | 2026-06 | $910,000 | 2,464 | 43.9% |
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