The Fair Share Report
369 Rt 94
Fredon, NJ 07860
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 $355,423 – $511,328, from 12 comparable Fredon 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 Fredon assessments sit below market value — republished every October, applied town-wide. A $402,680 home should be assessed near $264,037.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,937 below what the ratio math suggests (9.4%).
Step 4 · The tax rate — same for every Fredon home
$2.081 Schools · 66% $0.595 County · 19% $0.483 Town · 15%
Step 5 · The bill
This home vs. every recent Fredon sale · assessed ÷ market
41%81%
Paying about right
This home's ratio lands inside Fredon'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 |
|---|---|---|---|---|
| 629 RT 94 | 2026-01 | $370,000 | 1,626 | 60.5% |
| 365 NEWTON-SWARTSWOOD RD | 2025-11 | $485,000 | 1,888 | 46.1% |
| 5 SCENIC DR | 2026-01 | $375,000 | 1,908 | 81.2% |
| 217 NEWTON-SWARTSWOOD RD | 2025-12 | $415,000 | 1,718 | 54.3% |
| 355 RT 94 | 2025-08 | $424,777 | 1,378 | 50.2% |
| 11 JAMES TERR | 2025-05 | $400,000 | 1,848 | 57.6% |
| 63 VAN HORN RD | 2025-12 | $300,000 | 1,408 | 74.8% |
| 20 SCENIC DR | 2025-07 | $715,000 | 2,389 | 52.6% |
| 427 RT 94 | 2026-04 | $415,000 | 1,988 | 54.9% |
| 470 RIDGE RD | 2025-01 | $510,000 | 2,246 | 58.5% |
| 82 VAN HORN RD | 2025-05 | $469,000 | 1,898 | 57.6% |
| 4 KOHLBOCKER RD | 2025-03 | $440,000 | 1,173 | 59.0% |
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