The Fair Share Report
4 Hoffman Rd
Mendham, NJ 07945
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 $697,293 – $1,119,403, from 12 comparable Mendham 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 Mendham assessments sit below market value — republished every October, applied town-wide. A $950,366 home should be assessed near $682,458.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $141,158 below what the ratio math suggests (20.7%).
Step 4 · The tax rate — same for every Mendham home
$1.661 Schools · 66% $0.302 County · 12% $0.563 Town · 22%
Step 5 · The bill
This home vs. every recent Mendham sale · assessed ÷ market
43%88%
Paying about right
This home's ratio lands inside Mendham'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 |
|---|---|---|---|---|
| 68 WEXFORD DR | 2025-01 | $831,500 | 2,780 | 64.6% |
| 52 PEMBROKE DR | 2025-03 | $757,333 | 2,543 | 56.7% |
| 41 HAMPSHIRE DR | 2025-02 | $715,000 | 2,542 | 59.7% |
| 4 FRANKLIN RD | 2026-05 | $1,279,000 | 2,280 | 50.8% |
| 63 MOUNTAIN AVE | 2026-05 | $900,000 | 1,800 | 54.6% |
| 6 PHOENIX DR | 2026-03 | $930,000 | 2,240 | 58.7% |
| 10 BOCKOVEN RD | 2025-11 | $849,000 | 2,304 | 63.7% |
| 38 W MAIN ST | 2026-05 | $900,000 | 2,323 | 60.1% |
| 7 TEMPE WICK RD | 2026-05 | $1,177,000 | 2,361 | 44.5% |
| 48 MAPLE AVE | 2026-05 | $1,300,000 | 2,912 | 50.3% |
| 32 WEXFORD DR | 2025-11 | $670,000 | 2,288 | 60.3% |
| 31 WEXFORD DR | 2025-06 | $750,000 | 2,272 | 53.5% |
Is this your house?
Run your own report →