The Fair Share Report
357 River Rd
Mount Olive, NJ 07840
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 $783,739 – $948,230, from 12 comparable Mount Olive 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 Mount Olive assessments sit below market value — republished every October, applied town-wide. A $906,483 home should be assessed near $599,367.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $143,967 below what the ratio math suggests (24.0%).
Step 4 · The tax rate — same for every Mount Olive home
$2.310 Schools · 69% $0.345 County · 10% $0.711 Town · 21%
Step 5 · The bill
This home vs. every recent Mount Olive sale · assessed ÷ market
37%82%
Paying about right
This home's ratio lands inside Mount Olive'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 |
|---|---|---|---|---|
| 2 CARDINAL LN | 2025-11 | $750,000 | 3,016 | 64.6% |
| 41 WARWICK RD | 2025-06 | $970,000 | 3,133 | 53.0% |
| 3 OXFORD RD | 2025-07 | $785,000 | 2,844 | 52.9% |
| 7 VIRGIL LANE | 2025-12 | $985,000 | 3,099 | 51.1% |
| 6 AUGIE PL | 2025-06 | $992,000 | 3,248 | 51.7% |
| 50 INDIAN SPRING RD | 2025-03 | $820,000 | 3,070 | 56.8% |
| 15 DORSET DR | 2026-03 | $832,200 | 3,095 | 58.0% |
| 16 GORDON WAY | 2025-09 | $990,000 | 3,184 | 52.7% |
| 76 KEVIN DR | 2025-08 | $800,000 | 3,169 | 59.8% |
| 37 WARWICK RD | 2025-07 | $915,000 | 2,790 | 53.0% |
| 7 WINCHESTER AVE | 2026-06 | $875,000 | 2,712 | 48.3% |
| 33 CARLTON RD | 2025-10 | $830,000 | 2,683 | 52.1% |
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