The Fair Share Report
337 Demarest Ave
Oradell, NJ 07649
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 $551,972 – $646,837, from 8 comparable Oradell 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 Oradell assessments sit below market value — republished every October, applied town-wide. A $595,500 home should be assessed near $531,186.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $58,214 above what the ratio math suggests (11.0%).
Step 4 · The tax rate — same for every Oradell home
$1.353 Schools · 59% $0.237 County · 10% $0.705 Town · 31%
This home's own bill implies $2.160 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Oradell sale · assessed ÷ market
74%132%
Paying about right
This home's ratio lands inside Oradell'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 |
|---|---|---|---|---|
| 575 FLETCHER AVE | 2025-02 | $690,000 | 1,287 | 86.9% |
| 487 FIRST ST | 2025-02 | $835,000 | 1,779 | 81.8% |
| 503 REIS AVENUE | 2025-05 | $600,000 | 1,164 | 96.6% |
| 197 ELIZABETH STREET | 2025-05 | $750,000 | 1,500 | 97.0% |
| 604 COOPER AVE | 2025-04 | $760,000 | 1,581 | 85.1% |
| 714 VILLAGE ROAD | 2025-03 | $865,000 | 2,381 | 126.2% |
| 787 SCHAEFER AVE | 2026-02 | $1,050,000 | 2,328 | 88.7% |
| 636 MARTIN AVE | 2025-02 | $1,450,000 | 2,332 | 84.9% |
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