The Fair Share Report
38 Maple St
Chatham, NJ 07928
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 $845,439 – $1,383,661, from 12 comparable Chatham 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 Chatham assessments sit below market value — republished every October, applied town-wide. A $1,000,000 home should be assessed near $836,700.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,100 below what the ratio math suggests (4.1%).
Step 4 · The tax rate — same for every Chatham home
$1.081 Schools · 64% $0.266 County · 16% $0.354 Town · 21%
Step 5 · The bill
This home vs. every recent Chatham sale · assessed ÷ market
53%102%
Paying about right
This home's ratio lands inside Chatham'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 |
|---|---|---|---|---|
| 128 WATCHUNG AVE | 2026-03 | $825,000 | 1,725 | 75.5% |
| 223 HILLSIDE AVE | 2025-02 | $985,000 | 1,768 | 92.6% |
| 65 S PASSAIC AVE | 2025-06 | $1,200,000 | 2,130 | 79.5% |
| 181 CENTER AVE | 2026-03 | $1,250,000 | 1,856 | 65.3% |
| 98 N SUMMIT AVE | 2026-05 | $1,701,999 | 1,864 | 53.7% |
| 5 WOODLAND RD | 2025-02 | $740,000 | 1,759 | 114.2% |
| 63 FULLER AVE | 2025-04 | $1,550,000 | 1,910 | 62.5% |
| 195 HILLSIDE AVE | 2026-03 | $1,375,000 | 1,636 | 64.8% |
| 15 WALNUT ST | 2026-05 | $1,375,500 | 1,853 | 71.2% |
| 153 N PASSAIC AVE | 2026-06 | $1,225,000 | 1,814 | 62.0% |
| 169 WATCHUNG AVE | 2025-11 | $915,000 | 1,835 | 71.8% |
| 111 N SUMMIT AVE | 2025-01 | $885,000 | 1,846 | 171.5% |
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