The Fair Share Report
36 Third 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $409,564 – $498,849, 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 $460,138 home should be assessed near $304,243.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $104,743 below what the ratio math suggests (34.4%).
Step 4 · The tax rate — same for every Mount Olive home
$2.310 Schools · 69% $0.345 County · 10% $0.711 Town · 21%
This home's own bill implies $3.342 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Mount Olive sale · assessed ÷ market
35%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 |
|---|---|---|---|---|
| 7 FLANDERS RD | 2025-07 | $390,000 | 1,256 | 48.6% |
| 1 TIMBERLINE RD | 2025-07 | $515,000 | 1,497 | 39.7% |
| 22 INDIAN LN | 2025-10 | $525,000 | 1,423 | 47.1% |
| 48 OLD BUDD LAKE RD | 2026-04 | $210,000 | 1,252 | 92.1% |
| 138 BARTLEY-FLANDERS RD | 2026-01 | $440,000 | 1,460 | 52.5% |
| 5 N ROSE LN | 2025-08 | $600,000 | 1,624 | 44.9% |
| 8 MYRTLE RD | 2026-04 | $421,000 | 1,308 | 48.0% |
| 25 FOURTH ST | 2025-12 | $500,000 | 1,456 | 42.5% |
| 1 KERN DR | 2025-03 | $650,000 | 1,486 | 41.5% |
| 7 INDIAN SPRING RD | 2025-01 | $495,000 | 1,540 | 49.3% |
| 32 RIDGE RD | 2025-04 | $440,000 | 1,560 | 54.8% |
| 94 MT OLIVE RD | 2025-02 | $358,000 | 1,041 | 50.4% |
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