The Fair Share Report
40 E Fourth St
Howell, NJ 07731
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 $269,049 – $351,770, from 12 comparable Howell sales in the past 18 months, at this home's 1,016 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Howell assessments sit below market value — republished every October, applied town-wide. A $298,824 home should be assessed near $289,889.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $181,011 above what the ratio math suggests (62.4%).
Step 4 · The tax rate — same for every Howell home
$1.121 Schools · 68% $0.218 County · 13% $0.320 Town · 19%
This home's own bill implies $1.546 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Howell sale · assessed ÷ market
84%180%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $3,003/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 32A PLAZA DE LAS LOBOS | 2026-05 | $328,000 | 1,008 | 107.5% |
| 122C MUHLEN PLATZ | 2025-06 | $285,000 | 1,008 | 101.4% |
| 5C PLAZA DE LAS FLORES | 2025-06 | $242,000 | 1,008 | 101.3% |
| 41C PIAZZA SAN PAOLO | 2025-05 | $175,000 | 1,008 | 209.0% |
| 7E PLAZA DE LA TRINIDAD | 2025-03 | $349,000 | 1,008 | 96.0% |
| 92A HALLS CROFT ROAD | 2025-03 | $420,000 | 1,064 | 97.1% |
| 17A PLAZA DEL CAMPILLO | 2025-01 | $295,000 | 1,064 | 98.3% |
| 21A PLAZA DEL CAMPILLO | 2026-04 | $345,000 | 1,088 | 94.3% |
| 6C PLAZA DE LAS FLORES | 2026-03 | $242,000 | 1,082 | 114.8% |
| 75B WILLIAM & MARY SQUARE | 2025-06 | $375,000 | 1,082 | 102.3% |
| 93E HALLS CROFT | 2026-04 | $252,101 | 952 | 88.1% |
| 106E RAGLEY HALL | 2025-04 | $280,000 | 952 | 99.4% |
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