The Fair Share Report

36 Second St

Mount Olive, NJ 07828

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

≈ $597,193

Likely range $556,352 – $623,728, 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

66.12%

The state's official measure of how far Mount Olive assessments sit below market value — republished every October, applied town-wide. A $597,193 home should be assessed near $394,864.

Step 3 · Assessed value

$281,700

Set at the last town-wide revaluation and mostly frozen since. That's $113,164 below what the ratio math suggests (28.7%).

Step 4 · The tax rate — same for every Mount Olive home

$3.366 per $100 assessed

$2.310 Schools · 69% $0.345 County · 10% $0.711 Town · 21%

Step 5 · The bill

$9,767/yr
Public schools$6,703
Morris County$1,001
Town of Mount Olive$2,063
Mount Olive average$10,942

This home vs. every recent Mount Olive sale · assessed ÷ market

Town median 51.6%
This home · 47.2%

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)

AddressSoldPriceSq ftRatio
96 WINDING HILL DR2025-03$575,0001,89647.6%
241 WINDING HILL DR2025-08$640,0002,07847.1%
142 WINDING HILL DR2025-10$663,0001,89640.6%
205 WINDING HILL DR2026-03$615,0001,86044.1%
169 WINDING HILL DR2025-11$630,0002,18649.4%
130 WINDING HILL DR2025-05$630,0002,18652.1%
50 WINDING HILL DR2025-11$613,0001,89645.3%
66 LAMERSON CIR2025-11$625,0002,00452.2%
21 JULIA PL2025-09$549,9992,00461.4%
200 WINDING HILL DR2025-03$601,0002,18651.4%
176 WINDING HILL DR2025-01$602,0002,13551.2%
35 BROCK LN2025-08$480,0001,80759.1%

Is this your house?

Run your own report →

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 →