The Fair Share Report
321 Downs St
Ridgewood, NJ 07450
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 $1,328,974 – $1,951,497, from 12 comparable Ridgewood 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 Ridgewood assessments sit below market value — republished every October, applied town-wide. A $1,433,808 home should be assessed near $867,741.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $72,641 below what the ratio math suggests (8.4%).
Step 4 · The tax rate — same for every Ridgewood home
$1.801 Schools · 62% $0.347 County · 12% $0.742 Town · 26%
Step 5 · The bill
This home vs. every recent Ridgewood sale · assessed ÷ market
35%75%
Paying about right
This home's ratio lands inside Ridgewood'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 |
|---|---|---|---|---|
| 877 NORGATE DR | 2026-05 | $1,300,000 | 2,699 | 45.4% |
| 913 ROSLYN RD | 2025-08 | $1,400,000 | 2,760 | 45.4% |
| 230 LIBBY AVE | 2025-04 | $1,585,000 | 2,566 | 47.9% |
| 505 DARBY CT | 2025-08 | $1,590,000 | 2,632 | 38.4% |
| 156 JEFFER CT. | 2025-05 | $1,210,000 | 2,386 | 52.4% |
| 732 PARSONS RD | 2025-06 | $1,875,000 | 2,708 | 50.1% |
| 130 GLENWOOD RD | 2026-06 | $2,100,000 | 2,748 | 40.0% |
| 303 FERRIS PL | 2025-05 | $1,300,000 | 2,592 | 54.5% |
| 259 W GLEN AVE | 2026-04 | $816,000 | 2,353 | 56.8% |
| 221 AVONDALE RD | 2025-08 | $2,300,000 | 3,056 | 42.5% |
| 490 LINCOLN AVE | 2025-07 | $1,325,000 | 2,944 | 59.2% |
| 100 CREST RD | 2025-08 | $2,000,000 | 2,694 | 49.8% |
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