The Fair Share Report
313 Second St
Belvidere, NJ 07840
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.
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Step 1 · Market value
Likely range $296,590 – $572,184, from 12 comparable Belvidere 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 Belvidere assessments sit below market value — republished every October, applied town-wide. A $390,536 home should be assessed near $299,932.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,032 below what the ratio math suggests (13.7%).
Step 4 · The tax rate — same for every Belvidere home
$1.749 Schools · 53% $0.628 County · 19% $0.924 Town · 28%
Step 5 · The bill
This home vs. every recent Belvidere sale · assessed ÷ market
40%104%
Paying about right
This home's ratio lands inside Belvidere'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 |
|---|---|---|---|---|
| 139 FOURTH STREET | 2025-09 | $329,000 | 2,018 | 88.9% |
| 138 FOURTH STREET | 2025-11 | $425,000 | 1,832 | 55.2% |
| 205 HARDWICK STREET | 2025-05 | $394,000 | 2,856 | 74.8% |
| 919 LIBERTY STREET | 2025-02 | $475,000 | 2,184 | 72.4% |
| 17 FRELINGHUYSEN STREET | 2026-04 | $550,000 | 2,215 | 60.6% |
| 703 FRANKLIN STREET | 2025-03 | $361,800 | 2,294 | 80.5% |
| 429 WATER STREET | 2025-04 | $160,000 | 1,732 | 168.0% |
| 920 LIBERTY STREET | 2025-04 | $505,000 | 1,909 | 58.6% |
| 23 PARKER STREET | 2026-05 | $367,000 | 2,454 | 92.6% |
| 309 THIRD STREET | 2025-02 | $292,800 | 1,149 | 64.6% |
| 237-239 WATER STREET | 2025-03 | $215,000 | 2,820 | 98.8% |
| 14 ADAMS STREET | 2025-08 | $242,000 | 1,320 | 76.8% |
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