The Fair Share Report
3 Third St
Mount Olive, NJ 07828
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 $478,062 – $604,852, from 12 comparable Mount Olive sales in the past 18 months (home size estimated from assessor data — range widened).
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 $569,738 home should be assessed near $376,711.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $120,711 below what the ratio math suggests (32.0%).
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 |
|---|---|---|---|---|
| 61 CLINTON AVE | 2025-08 | $465,000 | 1,747 | 43.6% |
| 12 WOODLAND AVE | 2026-04 | $542,000 | 1,700 | 38.8% |
| 250 ROUTE 46 | 2026-02 | $410,000 | 1,921 | 37.8% |
| 4 FERN AVE | 2026-02 | $550,000 | 1,456 | 39.5% |
| 11 RENAULT DR | 2026-03 | $590,000 | 1,755 | 50.2% |
| 16 COLLINGSWOOD PL | 2025-09 | $480,000 | 1,755 | 57.2% |
| 7 OVERBROOK RD | 2026-03 | $610,000 | 1,836 | 46.2% |
| 45 DEER PATH DR | 2025-10 | $592,500 | 1,824 | 49.8% |
| 32 CLINTON AVE | 2024-12 | $562,000 | 1,767 | 40.5% |
| 43 DOGWOOD DR | 2026-01 | $479,000 | 1,690 | 45.4% |
| 16 ALDEN TER | 2026-05 | $370,000 | 1,604 | 73.1% |
| 9 ALDEN TER | 2025-07 | $560,000 | 1,610 | 50.3% |
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