The Fair Share Report
40 Beech St
Rutherford, NJ 07070
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 $1,040,167 – $1,446,846, from 12 comparable Rutherford 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 Rutherford assessments sit below market value — republished every October, applied town-wide. A $1,063,097 home should be assessed near $705,790.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $2,110 above what the ratio math suggests (0.3%).
Step 4 · The tax rate — same for every Rutherford home
$1.890 Schools · 59% $0.321 County · 10% $0.987 Town · 31%
Step 5 · The bill
This home vs. every recent Rutherford sale · assessed ÷ market
43%82%
Paying about right
This home's ratio lands inside Rutherford'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 |
|---|---|---|---|---|
| 114 SUMMIT CROSS | 2025-06 | $920,000 | 2,996 | 60.9% |
| 206 SYLVAN ST | 2025-01 | $1,189,900 | 2,984 | 64.5% |
| 275 ORIENT WAY | 2025-05 | $832,000 | 2,712 | 67.5% |
| 320 RIDGE ROAD | 2025-11 | $1,065,000 | 4,076 | 74.8% |
| 33 ELYCROFT PARKWAY | 2026-03 | $1,350,000 | 2,832 | 48.9% |
| 150 RIDGE ROAD | 2025-04 | $915,000 | 2,982 | 50.3% |
| 266 FERONIA WAY | 2025-07 | $999,999 | 2,048 | 57.0% |
| 418 UNION AVE | 2026-02 | $900,000 | 2,464 | 67.0% |
| 320 ORIENT WAY | 2025-09 | $875,000 | 3,104 | 54.9% |
| 190 ORIENT WAY | 2025-02 | $705,000 | 3,643 | 89.3% |
| 165 HOME AVENUE | 2025-01 | $925,000 | 3,067 | 53.0% |
| 51 DONALDSON AVE | 2025-04 | $925,500 | 3,069 | 60.1% |
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