The Fair Share Report
35 Rustic Dr
Howell, NJ 07731
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.
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Step 1 · Market value
Likely range $656,653 – $754,771, from 12 comparable Howell 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 Howell assessments sit below market value — republished every October, applied town-wide. A $733,950 home should be assessed near $712,005.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,005 below what the ratio math suggests (3.0%).
Step 4 · The tax rate — same for every Howell home
$1.121 Schools · 68% $0.218 County · 13% $0.320 Town · 19%
Step 5 · The bill
This home vs. every recent Howell sale · assessed ÷ market
84%111%
Paying about right
This home's ratio lands inside Howell'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 |
|---|---|---|---|---|
| 55 OLD BRIDGE DRIVE | 2025-01 | $825,000 | 2,282 | 98.7% |
| 98 OLD BRIDGE DRIVE | 2025-04 | $760,000 | 2,334 | 99.0% |
| 19 MEADOWBROOK DRIVE | 2025-06 | $799,000 | 2,166 | 100.3% |
| 118 DARIEN ROAD | 2026-06 | $670,000 | 2,260 | 99.2% |
| 10 PEPPERRIDGE ROAD | 2026-03 | $780,000 | 2,339 | 83.5% |
| 21 KINGSPORT DRIVE | 2025-02 | $753,000 | 2,312 | 99.3% |
| 9 CHATHAM DRIVE | 2026-04 | $725,000 | 2,176 | 98.0% |
| 40 SOUTH WESTFIELD ROAD | 2026-01 | $760,000 | 2,414 | 93.4% |
| 16 MAPLE LANE | 2026-02 | $615,000 | 2,228 | 97.0% |
| 123 SALEM HILL ROAD | 2025-06 | $695,000 | 2,330 | 99.8% |
| 28 PRINCETON DRIVE | 2026-03 | $800,000 | 2,432 | 98.5% |
| 159 NEWBURY ROAD | 2026-05 | $579,000 | 2,142 | 111.2% |
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