The Fair Share Report

356 Devon Ct

Ridgewood, NJ 07450

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.

Step 1 · Market value

≈ $1,198,917

Likely range $1,121,933 – $1,388,395, from 12 comparable Ridgewood sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

60.52%

The state's official measure of how far Ridgewood assessments sit below market value — republished every October, applied town-wide. A $1,198,917 home should be assessed near $725,585.

Step 3 · Assessed value

$606,100

Set at the last town-wide revaluation and mostly frozen since. That's $119,485 below what the ratio math suggests (16.5%).

Step 4 · The tax rate — same for every Ridgewood home

$2.889 per $100 assessed

$1.801 Schools · 62% $0.347 County · 12% $0.742 Town · 26%

Step 5 · The bill

$17,516/yr
Public schools$10,916
Bergen County$2,103
Town of Ridgewood$4,497
Ridgewood average$20,589

This home vs. every recent Ridgewood sale · assessed ÷ market

Town median 51.6%
This home · 50.6%

38%75%

Paying about right

This home's ratio lands inside Ridgewood's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
355 KENSINGTON DR.2026-03$1,350,0002,12944.1%
376 DEERFIELD ST.2025-04$1,100,0002,07651.3%
478 HUNTER RD2025-08$1,200,0002,20845.6%
618 DELAWARE AVE2025-04$1,235,0002,12454.9%
33 E GLEN AVE2025-12$1,200,0002,18850.1%
686 NEWCOMB RD2025-04$1,200,0002,31251.7%
485 STERLING PL2025-11$1,125,0002,00946.2%
144 CALIFORNIA ST2025-11$1,380,0002,07849.0%
303 PERSHING AVE2026-05$1,500,0002,19240.3%
360 WESTFIELD AVE2025-04$1,500,0002,18838.0%
259 W GLEN AVE2026-04$816,0002,35356.8%
360 UPPER BLVD2025-02$1,217,0002,14149.3%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →