The Fair Share Report
302 E 3rd Ave
Roselle, NJ 07036
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 $374,027 – $707,382, from 12 comparable Roselle 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 Roselle assessments sit below market value — republished every October, applied town-wide. A $599,718 home should be assessed near $168,281.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,581 below what the ratio math suggests (6.3%).
Step 4 · The tax rate — same for every Roselle home
$3.297 Schools · 36% $1.177 County · 13% $4.673 Town · 51%
Step 5 · The bill
This home vs. every recent Roselle sale · assessed ÷ market
14%48%
Paying about right
This home's ratio lands inside Roselle'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 |
|---|---|---|---|---|
| 241 W 4TH AVE | 2025-01 | $665,000 | 1,772 | 19.1% |
| 321-3 W 1ST AVE | 2025-08 | $495,000 | 2,409 | 27.0% |
| 301 AMSTERDAM AVE | 2025-02 | $620,000 | 1,826 | 19.8% |
| 1124 DRAKE AVE | 2025-09 | $830,000 | 1,940 | 17.9% |
| 129 W 3RD AVE | 2025-04 | $580,000 | 2,397 | 21.7% |
| 248 W 3RD AVE | 2025-12 | $450,000 | 1,606 | 23.8% |
| 612 CHESTNUT ST | 2025-10 | $435,000 | 1,776 | 29.4% |
| 114 E 5TH AVE | 2026-01 | $505,000 | 2,272 | 39.9% |
| 470 W 6TH AVE | 2025-07 | $605,000 | 1,944 | 17.6% |
| 362 W 3RD AVE | 2025-03 | $590,000 | 1,756 | 25.8% |
| 569 W 5TH AVE | 2025-10 | $625,000 | 1,790 | 19.6% |
| 569 W 5TH AVE | 2025-06 | $385,000 | 1,790 | 31.7% |
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