The Fair Share Report
39 E St
South River, NJ 08852
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 $406,727 – $472,443, from 12 comparable South River 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 South River assessments sit below market value — republished every October, applied town-wide. A $447,396 home should be assessed near $271,167.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,667 below what the ratio math suggests (12.8%).
Step 4 · The tax rate — same for every South River home
$1.315 Schools · 49% $0.515 County · 19% $0.838 Town · 31%
Step 5 · The bill
This home vs. every recent South River sale · assessed ÷ market
40%75%
Paying about right
This home's ratio lands inside South River'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 |
|---|---|---|---|---|
| 36 WILSON AVE | 2025-07 | $460,000 | 1,304 | 57.9% |
| 29 LEVINSON AVE | 2025-08 | $285,000 | 1,232 | 77.5% |
| 40 WASHINGTON ST | 2025-01 | $455,000 | 1,244 | 46.7% |
| 7 LINCOLN ST | 2025-07 | $505,000 | 1,120 | 43.9% |
| 10 LINCOLN ST | 2025-08 | $315,000 | 1,480 | 72.4% |
| 16 CHESTNUT ST | 2026-03 | $550,000 | 1,217 | 38.3% |
| 179 HILLSIDE AVE | 2026-05 | $445,300 | 1,275 | 50.1% |
| 38 ARMSTRONG AVE | 2026-06 | $390,000 | 1,200 | 53.0% |
| 156 HILLSIDE AVE | 2025-01 | $495,000 | 1,354 | 50.4% |
| 18 JUNE ST | 2025-12 | $420,000 | 1,096 | 45.4% |
| 15 LELAND AVE | 2025-09 | $445,000 | 1,380 | 52.3% |
| 8 JEFFRIE AVE | 2025-02 | $452,500 | 1,558 | 55.7% |
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