The Fair Share Report
331 Third St
Saddle Brook, NJ 07764
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 $560,745 – $645,329, from 12 comparable Saddle Brook 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 Saddle Brook assessments sit below market value — republished every October, applied town-wide. A $592,817 home should be assessed near $482,849.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,149 below what the ratio math suggests (4.4%).
Step 4 · The tax rate — same for every Saddle Brook home
$1.289 Schools · 54% $0.250 County · 11% $0.833 Town · 35%
This home's own bill implies $2.310 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Saddle Brook sale · assessed ÷ market
63%99%
Paying about right
This home's ratio lands inside Saddle Brook'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 |
|---|---|---|---|---|
| 54 ROCHELLE PARKWAY | 2026-01 | $535,000 | 1,429 | 68.1% |
| 23 BELLA VISTA AVE | 2025-06 | $690,000 | 1,488 | 71.0% |
| 280 SOUTH BOULEVARD | 2026-01 | $600,000 | 1,528 | 79.5% |
| 501 VICTOR STREET | 2026-01 | $680,000 | 1,627 | 70.6% |
| 14 COGER ST | 2025-04 | $949,888 | 1,470 | 79.0% |
| 337 FIRST ST | 2026-03 | $650,000 | 1,548 | 76.7% |
| 70 COGER ST | 2025-01 | $610,000 | 1,572 | 84.5% |
| 108 PEHLE AVE | 2026-02 | $555,000 | 1,349 | 72.3% |
| 532 NORTH MIDLAND AV | 2025-04 | $548,600 | 1,402 | 77.6% |
| 264 NORTH BOULEVARD | 2025-04 | $528,000 | 1,444 | 80.7% |
| 365 PRESIDENT STREET | 2025-06 | $480,000 | 1,290 | 85.5% |
| 300 JOHN OCHS DRIVE | 2026-02 | $560,000 | 1,498 | 85.4% |
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