The Fair Share Report

31 Second Ave

Roseland, NJ 07068

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

≈ $725,877

Likely range $581,979 – $813,420, from 12 comparable Roseland sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

93.62%

The state's official measure of how far Roseland assessments sit below market value — republished every October, applied town-wide. A $725,877 home should be assessed near $679,566.

Step 3 · Assessed value

$505,700

Set at the last town-wide revaluation and mostly frozen since. That's $173,866 below what the ratio math suggests (25.6%).

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

$1.861 per $100 assessed

$0.965 Schools · 52% $0.344 County · 18% $0.552 Town · 30%

Step 5 · The bill

$9,416/yr
Public schools$4,883
Essex County$1,741
Town of Roseland$2,793
Roseland average$11,911

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

Town median 76.6%
This home · 69.7%

57%105%

Paying about right

This home's ratio lands inside Roseland'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
26 PASSAIC AVENUE2025-11$620,0001,52469.5%
48 OAK DRIVE2025-12$1,057,0001,76756.7%
48 OAK DRIVE2025-09$775,0001,76777.3%
18 PLYMOUTH PLACE2025-10$750,0001,35961.3%
50 COOPER AVENUE2026-03$700,0001,92681.0%
23 MONROE AVENUE2025-06$755,0001,69970.7%
9 LIVINGSTON AVENUE2025-07$640,0001,42765.5%
2 CONOVER AVENUE2025-01$525,0001,51090.2%
46 FREEMAN STREET2025-04$475,0001,47299.6%
18 MITCHELL AVENUE2025-08$740,0001,86076.0%
14 MITCHELL AVENUE2025-09$682,0001,84573.8%
24 MARTHA ROAD2025-02$880,0001,81773.6%

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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 →