The Fair Share Report
305 E 3rd Ave
Roselle, NJ 07203
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 $423,873 – $574,529, 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 $501,376 home should be assessed near $140,686.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,786 below what the ratio math suggests (14.8%).
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%39%
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 |
|---|---|---|---|---|
| 367 W 4TH AVE | 2025-02 | $507,000 | 1,440 | 25.3% |
| 339 W 3RD AVE | 2025-10 | $450,000 | 1,447 | 22.4% |
| 433 W 4TH AVE | 2025-05 | $550,000 | 1,514 | 18.4% |
| 147 W 3RD AVE | 2025-01 | $570,000 | 1,364 | 17.1% |
| 65 INDEPENDENCE DR | 2025-10 | $485,000 | 1,572 | 24.7% |
| 14 COLONIAL RD | 2026-04 | $450,000 | 1,572 | 25.6% |
| 131 W 3RD AVE | 2025-09 | $575,000 | 1,332 | 17.5% |
| 540 W 7TH AVE | 2025-11 | $385,000 | 1,355 | 36.5% |
| 529 SPRUCE ST | 2025-07 | $450,000 | 1,332 | 25.1% |
| 435 W 5TH AVE | 2026-03 | $500,000 | 1,544 | 21.7% |
| 320 HAMILTON ST | 2025-05 | $549,000 | 1,422 | 21.6% |
| 703 SPRUCE ST | 2025-10 | $470,000 | 1,328 | 24.2% |
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