The Fair Share Report
3 Pine Ter
Demarest, NJ 07627
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Demarest's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $2,103,997 – $3,133,183, from 12 comparable Demarest sales in the past 18 months, at this home's 5,599 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Demarest assessments sit below market value — republished every October, applied town-wide. A $2,706,507 home should be assessed near $2,744,669.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $494,669 below what the ratio math suggests (18.0%).
Step 4 · The tax rate — same for every Demarest home
$1.149 Schools · 64% $0.219 County · 12% $0.438 Town · 24%
Step 5 · The bill
This home vs. every recent Demarest sale · assessed ÷ market
66%115%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 4 CAROL CT | 2025-07 | $2,950,000 | 5,381 | 95.3% |
| 613 BELLAIRE DR | 2025-09 | $2,295,000 | 5,883 | 91.4% |
| 313 BELLAIRE DR | 2025-07 | $1,850,000 | 5,883 | 113.3% |
| 513 BELLAIRE DR | 2025-01 | $2,210,719 | 5,883 | 97.9% |
| 511 BELLAIRE DR | 2025-11 | $2,400,000 | 6,038 | 94.6% |
| 214 BELLAIRE DR | 2025-05 | $2,027,500 | 6,038 | 109.1% |
| 236 HARDENBURGH AVE | 2025-02 | $2,800,000 | 5,192 | 95.3% |
| 48 MEADOW ST | 2025-03 | $3,600,000 | 5,652 | 103.7% |
| 373 HARDENBURGH AVE | 2025-05 | $4,998,000 | 6,397 | 83.0% |
| 6 LAUREN POND CT | 2025-11 | $2,650,000 | 5,074 | 103.4% |
| 28 MEADOW ST | 2026-04 | $2,999,999 | 5,361 | 92.6% |
| 436 PIERMONT RD | 2026-01 | $1,775,000 | 4,893 | 109.9% |
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