The Fair Share Report
348 E 7th Ave
Roselle, NJ 07203
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 $423,262 – $549,632, from 12 comparable Roselle 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 Roselle assessments sit below market value — republished every October, applied town-wide. A $475,124 home should be assessed near $133,320.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,720 below what the ratio math suggests (15.5%).
Step 4 · The tax rate — same for every Roselle home
$3.297 Schools · 36% $1.177 County · 13% $4.673 Town · 51%
Step 5 · The bill
This home vs. every recent Roselle sale · assessed ÷ market
14%39%
Paying about right
This home's ratio lands inside Roselle'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 |
|---|---|---|---|---|
| 323 DERMODY ST | 2026-01 | $520,000 | 1,490 | 27.9% |
| 1123 THOMPSON AVE | 2026-04 | $485,000 | 1,375 | 20.2% |
| 201 DOUGLAS RD | 2025-07 | $575,000 | 1,320 | 26.4% |
| 367 W 4TH AVE | 2025-02 | $507,000 | 1,440 | 25.3% |
| 631 ELM ST | 2026-05 | $650,000 | 1,568 | 21.4% |
| 631 ELM ST | 2025-10 | $355,000 | 1,568 | 39.2% |
| 932 CHESTNUT ST | 2026-01 | $600,000 | 1,524 | 21.8% |
| 572 BERLANT AVE | 2025-07 | $450,000 | 1,232 | 27.2% |
| 606 SHERIDAN AVE | 2026-01 | $450,000 | 1,388 | 23.8% |
| 320 HAMILTON ST | 2025-05 | $549,000 | 1,422 | 21.6% |
| 609 HARRISON AVE | 2025-04 | $410,000 | 1,210 | 25.5% |
| 332 HARRISON AVE | 2025-11 | $267,500 | 1,288 | 41.0% |
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