The Fair Share Report
37 Brookside Ave
Demarest, NJ 07627
The town catches up with market prices only once a year — and only on average. This report checks whether this house's assessment kept pace.
This home's full record →Check another house →
This home's payments are about right
It sits inside Demarest's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $949,678 – $1,327,886, from 12 comparable Demarest 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 Demarest assessments sit below market value — republished every October, applied town-wide. A $1,046,713 home should be assessed near $1,061,472.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $224,872 below what the ratio math suggests (21.2%).
Step 4 · The tax rate — same for every Demarest home
$1.149 Schools · 64% $0.219 County · 12% $0.438 Town · 24%
Step 5 · The bill
This home vs. every recent Demarest sale · assessed ÷ market
58%115%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 40 MEADOW ST | 2025-11 | $900,000 | 1,782 | 93.1% |
| 75 ANDERSON AVE | 2025-05 | $885,000 | 2,201 | 125.0% |
| 32 HIGHLAND AVE | 2025-12 | $999,999 | 1,903 | 88.8% |
| 17 CYPRESS PL | 2025-07 | $1,050,000 | 1,817 | 82.4% |
| 12 VAN HORN STREET | 2025-01 | $1,450,000 | 2,190 | 86.1% |
| 52 EDWARD ST | 2026-04 | $1,100,000 | 1,845 | 92.9% |
| 98 PRESCOTT ST | 2025-12 | $1,385,000 | 2,051 | 71.2% |
| 16 JOHN ST | 2025-12 | $1,175,000 | 1,750 | 78.9% |
| 15 LOIS AVE | 2025-12 | $1,495,000 | 2,079 | 82.9% |
| 15 LOIS AVE | 2025-04 | $900,000 | 2,079 | 137.7% |
| 45 LENOX AVE | 2025-07 | $999,500 | 1,954 | 85.4% |
| 8 ROSS AVE | 2025-08 | $820,000 | 1,633 | 95.8% |
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