The Fair Share Report

3 Post Ct

Butler, NJ 07405

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.

Step 1 · Market value

≈ $663,615

Likely range $582,602 – $802,447, from 12 comparable Butler sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

87.00%

The state's official measure of how far Butler assessments sit below market value — republished every October, applied town-wide. A $663,615 home should be assessed near $577,345.

Step 3 · Assessed value

$622,700

Set at the last town-wide revaluation and mostly frozen since. That's $45,355 above what the ratio math suggests (7.9%).

Step 4 · The tax rate — same for every Butler home

$2.511 per $100 assessed

$1.555 Schools · 62% $0.252 County · 10% $0.704 Town · 28%

This home's own bill implies $2.390 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$14,883/yr
Public schools$9,216
Morris County$1,494
Town of Butler$4,173
Butler average$11,114

This home vs. every recent Butler sale · assessed ÷ market

Town median 88.1%
This home · 93.8%

72%112%

Paying about right

This home's ratio lands inside Butler's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
36 SUNSET AVE2025-03$529,9002,14390.4%
2 CARL G WHRITENOUR RD2025-05$603,0002,07296.3%
21 STONY HILL RD2025-01$565,0002,24097.3%
5 CHARLES A HABER JR CT2025-03$632,0001,91290.8%
139 SUNSET AVE2026-04$635,0002,12277.3%
104 LEONARD RD2025-03$560,0001,87090.3%
3 HAROLD J MATHEWS JR CT2026-04$620,0001,73687.4%
64 VALLEY RD2025-04$700,0001,98785.7%
60 BROWN AVE2026-04$640,0001,73689.0%
98 HIGH ST2025-04$600,0002,09795.7%
1 RICHARD CT2025-04$801,0001,70876.2%
18 STONY HILL RD2026-04$642,5001,75479.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →