The Fair Share Report
33 Mt Rascal Rd
Independence, 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.
This home's full record →Check another house →
Step 2 · The Director's Ratio
The state's official measure of how far Independence assessments sit below market value — republished every October, applied town-wide.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since.
Step 4 · The tax rate — same for every Independence home
$2.295 Schools · 60% $0.873 County · 23% $0.627 Town · 17%
Step 5 · The bill
The record, in full
Not enough closely-comparable recent sales in Independence for a fairness verdict — the town's current median assessment ratio is 46.8%.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 3 RIDGE LANE | 2025-09 | $755,000 | 4,397 | 55.1% |
| 98 ASBURY RD | 2025-09 | $415,000 | 4,268 | 77.1% |
| 98 ASBURY RD | 2025-03 | $325,000 | 4,268 | 98.4% |
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