The Fair Share Report
31 Ruby Ln
East Hanover, NJ 07936
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 $524,187 – $873,648, from 12 comparable East Hanover 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 East Hanover assessments sit below market value — republished every October, applied town-wide. A $734,334 home should be assessed near $377,521.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $122,821 below what the ratio math suggests (32.5%).
Step 4 · The tax rate — same for every East Hanover home
$1.391 Schools · 52% $0.398 County · 15% $0.863 Town · 33%
Step 5 · The bill
This home vs. every recent East Hanover sale · assessed ÷ market
24%65%
Paying about right
This home's ratio lands inside East Hanover'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 |
|---|---|---|---|---|
| 60 PRESTON AVE | 2025-07 | $870,000 | 2,044 | 41.1% |
| 40 GRANT AVE | 2025-12 | $808,000 | 1,728 | 39.7% |
| 12 ROOSEVELT AVE | 2025-10 | $570,000 | 1,996 | 54.3% |
| 175 CASTLE RIDGE DR | 2026-04 | $610,000 | 2,132 | 43.8% |
| 137 CASTLE RIDGE DR | 2026-01 | $550,000 | 2,132 | 48.6% |
| 3 QUEENS BRIDGE DR | 2025-01 | $610,506 | 2,132 | 44.9% |
| 125 MT PLEASANT AVE | 2026-04 | $843,000 | 2,313 | 43.5% |
| 16 WINDSOR WAY | 2025-01 | $650,000 | 2,159 | 59.6% |
| 21 SMITHFIELD RD | 2025-05 | $1,310,000 | 2,112 | 30.8% |
| 7 ANITA DR | 2025-06 | $999,900 | 2,184 | 37.9% |
| 16 FOX RUN DR | 2025-02 | $870,000 | 2,159 | 44.5% |
| 9 DIXON PL | 2025-09 | $600,000 | 2,128 | 54.5% |
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