The Fair Share Report
348 Summit Rd
Mountainside, NJ 07092
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 $835,832 – $1,093,117, from 12 comparable Mountainside 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 Mountainside assessments sit below market value — republished every October, applied town-wide. A $961,351 home should be assessed near $685,347.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,947 below what the ratio math suggests (7.3%).
Step 4 · The tax rate — same for every Mountainside home
$1.023 Schools · 49% $0.482 County · 23% $0.594 Town · 28%
Step 5 · The bill
This home vs. every recent Mountainside sale · assessed ÷ market
48%87%
Paying about right
This home's ratio lands inside Mountainside'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 |
|---|---|---|---|---|
| 253 MEETING HOUSE LANE | 2025-05 | $1,405,000 | 2,800 | 54.7% |
| 330 TANAGER WAY | 2025-07 | $975,000 | 2,619 | 67.0% |
| 1209 WYOMING DRIVE | 2025-07 | $910,000 | 2,200 | 70.5% |
| 249 MEETING HOUSE LANE | 2025-10 | $905,000 | 2,900 | 74.3% |
| 1458 DEER PATH | 2025-08 | $749,000 | 2,055 | 73.1% |
| 1381 OUTLOOK DRIVE | 2025-06 | $1,150,000 | 2,390 | 56.2% |
| 657 HILLSIDE AVENUE | 2025-11 | $1,100,000 | 2,872 | 63.6% |
| 1524 LONG MEADOW | 2025-05 | $798,000 | 2,365 | 77.4% |
| 367 GREENBRIER COURT | 2026-01 | $920,000 | 2,303 | 62.1% |
| 1098 SUNNY SLOPE DRIVE | 2026-05 | $775,000 | 1,999 | 68.2% |
| 383 SUMMIT ROAD | 2025-05 | $970,000 | 2,232 | 62.2% |
| 1104 SYLVAN LANE | 2026-02 | $856,000 | 2,002 | 61.8% |
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