The Fair Share Report
367 E Millstream Rd
Plumsted, NJ 08514
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 $415,000 – $476,343, from 12 comparable Plumsted sales in the past 18 months, at this home's 1,416 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Plumsted assessments sit below market value — republished every October, applied town-wide. A $466,296 home should be assessed near $269,845.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $278,055 above what the ratio math suggests (103.0%).
Step 4 · The tax rate — same for every Plumsted home
$2.255 Schools · 72% $0.543 County · 17% $0.351 Town · 11%
This home's own bill implies $1.952 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Plumsted sale · assessed ÷ market
79%137%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (66.55%) — roughly $8,753/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 19 OAKWOOD DR | 2026-02 | $527,500 | 1,584 | 101.4% |
| 85 JACOBSTOWN RD | 2025-06 | $545,000 | 1,655 | 98.5% |
| 172 HAWKIN RD | 2026-06 | $525,000 | 1,900 | 98.4% |
| 898 PINEHURST RD | 2025-05 | $655,000 | 1,750 | 85.0% |
| 6 TERRACE AVE | 2025-05 | $275,000 | 1,663 | 173.4% |
| 3 APPLEGATE LN | 2026-02 | $420,000 | 1,416 | 96.2% |
| 21 BRINDLETOWN RD | 2025-01 | $360,000 | 1,040 | 99.3% |
| 280 LAKEWOOD RD | 2026-02 | $545,000 | 1,479 | 91.5% |
| 19 HIGHBRIDGE RD | 2026-04 | $520,000 | 1,631 | 86.1% |
| 115 BRINDLETOWN RD | 2025-01 | $415,000 | 1,416 | 93.7% |
| 70-72 JACOBSTOWN RD | 2026-01 | $449,500 | 1,450 | 98.0% |
| 11 SHEVCHENKO AVE | 2026-06 | $425,210 | 1,264 | 84.7% |
Is this your house?
Run your own report →