The Fair Share Report
30 E Main St
Mendham, NJ 07960
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 $1,103,304 – $1,416,071, from 12 comparable Mendham sales in the past 18 months, at this home's 3,172 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Mendham assessments sit below market value — republished every October, applied town-wide. A $1,275,211 home should be assessed near $915,729.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $340,829 below what the ratio math suggests (37.2%).
Step 4 · The tax rate — same for every Mendham home
$1.661 Schools · 66% $0.302 County · 12% $0.563 Town · 22%
Step 5 · The bill
This home vs. every recent Mendham sale · assessed ÷ market
35%88%
Keep quiet and enjoy it
This home's assessment ratio sits below the Mendham pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2 ADAMS PL | 2025-04 | $1,035,000 | 3,570 | 60.8% |
| 42 DEAN RD | 2026-05 | $1,550,000 | 3,390 | 54.1% |
| 48 MAPLE AVE | 2026-05 | $1,300,000 | 2,912 | 50.3% |
| 2 QUIMBY LN | 2025-12 | $1,080,000 | 3,105 | 73.3% |
| 79 MOUNTAIN AVE | 2025-05 | $870,000 | 3,346 | 67.0% |
| 5 HILLCREST AVE | 2025-07 | $915,000 | 2,276 | 53.7% |
| 2 BRIDGE ST | 2025-03 | $650,000 | 2,915 | 86.3% |
| 23 DRAKE RD | 2025-09 | $1,100,000 | 2,919 | 56.6% |
| 3 NEW ST | 2026-05 | $1,342,500 | 3,134 | 49.9% |
| 27 PHOENIX DR | 2025-07 | $1,485,000 | 3,540 | 48.6% |
| 18 DEAN RD | 2026-02 | $1,310,000 | 2,698 | 53.0% |
| 7 TEMPE WICK RD | 2026-05 | $1,177,000 | 2,361 | 44.5% |
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