The Fair Share Report
33 Frederick Pl
Hanover, NJ 07927
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 $1,190,944 – $1,551,939, from 12 comparable Hanover sales in the past 18 months, at this home's 3,532 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Hanover assessments sit below market value — republished every October, applied town-wide. A $1,243,087 home should be assessed near $862,578.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $188,878 below what the ratio math suggests (21.9%).
Step 4 · The tax rate — same for every Hanover home
$1.207 Schools · 59% $0.314 County · 15% $0.529 Town · 26%
Step 5 · The bill
This home vs. every recent Hanover sale · assessed ÷ market
38%85%
Paying about right
This home's ratio lands inside 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 |
|---|---|---|---|---|
| 77 HENDRICKS DR | 2025-06 | $1,320,000 | 3,382 | 53.7% |
| 26 DAVID DR | 2025-12 | $1,450,000 | 3,300 | 51.3% |
| 14 HUBERT ST | 2025-01 | $1,525,000 | 3,765 | 55.5% |
| 601 MONROE CT | 2026-04 | $1,186,750 | 3,399 | 60.3% |
| 201 MONROE CT | 2026-03 | $1,188,000 | 3,399 | 58.7% |
| 64 FOREST WAY | 2025-03 | $1,225,000 | 3,633 | 52.5% |
| 8 EDEN LN | 2025-10 | $1,250,000 | 3,867 | 70.5% |
| 10 CEDAR RUN | 2026-04 | $1,600,000 | 3,622 | 42.5% |
| 68 REYNOLDS AVE | 2025-04 | $1,065,000 | 3,026 | 57.6% |
| 22 KARLA DR | 2025-12 | $1,500,000 | 3,240 | 48.7% |
| 304 VIERA DR | 2025-10 | $875,000 | 2,904 | 70.5% |
| 95 POPLAR DR | 2025-01 | $1,100,000 | 3,777 | 56.7% |
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