The Fair Share Report

3 Windbeam Loop

Ringwood, NJ 07456

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

≈ $576,757

Likely range $514,112 – $613,761, from 12 comparable Ringwood sales in the past 18 months, at this home's 2,134 sq ft.

Step 2 · The Director's Ratio

57.24%

The state's official measure of how far Ringwood assessments sit below market value — republished every October, applied town-wide. A $576,757 home should be assessed near $330,136.

Step 3 · Assessed value

$319,900

Set at the last town-wide revaluation and mostly frozen since. That's $10,236 below what the ratio math suggests (3.1%).

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

$4.259 per $100 assessed

$2.546 Schools · 60% $0.780 County · 18% $0.933 Town · 22%

Step 5 · The bill

$13,625/yr
Public schools$8,145
Passaic County$2,495
Town of Ringwood$2,985
Ringwood average$12,925

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

Town median 48.7%
This home · 55.5%

36%71%

Paying about right

This home's ratio lands inside Ringwood'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
77 LAKEVIEW AVE2025-10$700,0002,06142.8%
58 UPPER LAKEVIEW AVE2025-04$560,0002,29346.8%
86 KRAFT PL2025-12$535,0002,09653.5%
348 CONKLINTOWN RD2026-01$475,0002,04857.3%
8 PROGRESS PL2026-03$500,0002,22453.5%
107 HIGH MTN RD2025-06$590,0002,44949.5%
27 BEAR MTN RD2026-05$621,0002,30049.5%
48 BIRCH RD2025-10$610,0002,00242.2%
54 ALTA VISTA DR2025-09$520,0001,92448.8%
24 FOUNTAIN DR2026-02$545,0001,90048.8%
68 MARCIA RD2026-04$612,4442,13347.3%
208 CUPSAW DR2025-06$575,0002,09447.3%

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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 →