The Fair Share Report
369 Downs St
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $1,226,087 – $1,393,515, from 12 comparable Ridgewood sales in the past 18 months, at this home's 2,256 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Ridgewood assessments sit below market value — republished every October, applied town-wide. A $1,258,367 home should be assessed near $761,564.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,836 above what the ratio math suggests (8.8%).
Step 4 · The tax rate — same for every Ridgewood home
$1.801 Schools · 62% $0.347 County · 12% $0.742 Town · 26%
Step 5 · The bill
This home vs. every recent Ridgewood sale · assessed ÷ market
38%75%
A touch high — worth watching
This home's ratio sits above most of Ridgewood, but doesn't clear NJ's legal appeal line (69.60%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 202 N WALNUT ST | 2025-08 | $1,250,000 | 2,241 | 51.9% |
| 342 HILLCREST RD | 2026-05 | $1,075,000 | 2,292 | 56.9% |
| 850 PARSONS RD | 2025-06 | $1,605,000 | 2,326 | 40.9% |
| 140 VALLEY VIEW AVE | 2025-08 | $1,210,000 | 2,220 | 49.7% |
| 716 MORNINGSIDE RD | 2026-06 | $1,925,500 | 2,140 | 45.8% |
| 259 W GLEN AVE | 2026-04 | $816,000 | 2,353 | 56.8% |
| 230 LIBBY AVE | 2025-04 | $1,585,000 | 2,566 | 47.9% |
| 360 UPPER BLVD | 2025-02 | $1,217,000 | 2,141 | 49.3% |
| 151 PERSHING AVE | 2025-10 | $1,367,000 | 2,432 | 40.5% |
| 33 E GLEN AVE | 2025-12 | $1,200,000 | 2,188 | 50.1% |
| 343 DOWNS ST | 2025-01 | $1,160,000 | 2,046 | 48.1% |
| 865 NORGATE DR | 2025-12 | $900,000 | — | 38.3% |
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