The Fair Share Report

3 River Dr

Howell, NJ 07727

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

≈ $722,759

Likely range $614,900 – $777,196, from 12 comparable Howell sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

97.01%

The state's official measure of how far Howell assessments sit below market value — republished every October, applied town-wide. A $722,759 home should be assessed near $701,149.

Step 3 · Assessed value

$767,100

Set at the last town-wide revaluation and mostly frozen since. That's $65,951 above what the ratio math suggests (9.4%).

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

$1.659 per $100 assessed

$1.121 Schools · 68% $0.218 County · 13% $0.320 Town · 19%

This home's own bill implies $1.355 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$10,395/yr
Public schools$7,024
Monmouth County$1,366
Town of Howell$2,005
Howell average$9,883

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

Town median 99.4%
This home · 106.1%

84%130%

Paying about right

This home's ratio lands inside Howell'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
56 CRATER LAKE ROAD2025-05$720,0002,08899.4%
7 NATALE WAY2026-05$920,0002,14978.4%
3 CARRIE DRIVE2025-04$757,3082,06499.9%
1321 MAXIM SOUTHARD ROAD2025-04$715,0002,01698.2%
10 TWIN HILL COURT2025-05$830,0002,01897.7%
15 CAPITOL REEF ROAD2025-05$675,0001,936100.7%
20 CAPITOL REEF ROAD2025-03$690,0001,93099.4%
12 STRATHMORE COURT2025-05$895,5002,330100.1%
130 WOOD DUCK COURT2026-02$502,0001,862105.7%
409 ALDRICH ROAD2026-01$685,0002,19879.8%
10 CRATER LAKE ROAD2025-04$790,0002,32399.8%
11 FIDDLERS ELBOW COURT2026-04$460,0001,90199.8%

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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 →