The Fair Share Report
33 Blanche Ave
Demarest, NJ 07627
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 $1,244,185 – $1,548,681, from 12 comparable Demarest sales in the past 18 months, at this home's 2,846 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Demarest assessments sit below market value — republished every October, applied town-wide. A $1,382,586 home should be assessed near $1,402,080.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $175,780 below what the ratio math suggests (12.5%).
Step 4 · The tax rate — same for every Demarest home
$1.149 Schools · 64% $0.219 County · 12% $0.438 Town · 24%
Step 5 · The bill
This home vs. every recent Demarest sale · assessed ÷ market
74%115%
Paying about right
This home's ratio lands inside Demarest'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 |
|---|---|---|---|---|
| 17 VAN HORN ST | 2025-08 | $1,205,000 | 2,758 | 90.9% |
| 10 SUNSET RD | 2026-06 | $1,730,000 | 3,400 | 92.7% |
| 123 HARDENBURGH AVE | 2025-09 | $1,075,000 | 2,459 | 97.8% |
| 20 NORTHWOOD AVE | 2026-01 | $1,465,000 | 2,774 | 80.4% |
| 12 VAN HORN STREET | 2025-01 | $1,450,000 | 2,190 | 86.1% |
| 6 ISABELLA WAY | 2025-07 | $1,300,000 | 2,676 | 85.2% |
| 75 ANDERSON AVE | 2025-05 | $885,000 | 2,201 | 125.0% |
| 129 KNICKERBOCKER RD | 2025-12 | $1,175,000 | 2,600 | 93.7% |
| 8 GLENWOOD AVE | 2025-02 | $1,420,000 | 2,922 | 108.5% |
| 27 CENTRAL AVE | 2025-11 | $1,850,000 | 2,873 | 95.1% |
| 29 JOHN ST | 2025-06 | $1,200,000 | 2,612 | 83.2% |
| 67 CENTRAL AVE | 2025-07 | $1,480,000 | 2,457 | 73.0% |
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