The Fair Share Report
40 Force Dr
Mount Olive, NJ 07828
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 $559,347 – $761,849, from 12 comparable Mount Olive 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 Mount Olive assessments sit below market value — republished every October, applied town-wide. A $607,273 home should be assessed near $401,529.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $47,629 below what the ratio math suggests (11.9%).
Step 4 · The tax rate — same for every Mount Olive home
$2.310 Schools · 69% $0.345 County · 10% $0.711 Town · 21%
Step 5 · The bill
This home vs. every recent Mount Olive sale · assessed ÷ market
37%82%
Paying about right
This home's ratio lands inside Mount Olive'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 |
|---|---|---|---|---|
| 20 PECKWELL ST | 2026-06 | $622,500 | 2,412 | 55.3% |
| 66 SWACKHAMMER WAY | 2026-02 | $619,200 | 2,412 | 57.7% |
| 66 SWACKHAMMER WAY | 2026-02 | $800,000 | 2,412 | 44.7% |
| 79 SWACKHAMMER WAY | 2025-06 | $570,000 | 2,412 | 60.4% |
| 52 FORCE DR | 2025-01 | $585,000 | 2,412 | 58.9% |
| 18 SEDICAVAGE WAY | 2025-09 | $580,000 | 2,412 | 58.4% |
| 37 CANTERBURY CT | 2025-08 | $661,000 | 2,445 | 56.4% |
| 39 GORDON WAY | 2025-05 | $835,000 | 2,190 | 53.2% |
| 10 PINE GROVE RD | 2025-01 | $720,000 | 2,324 | 49.1% |
| 12 BEECHER LANE | 2026-04 | $880,000 | 2,186 | 50.1% |
| 14 SWACKHAMMER WAY | 2025-02 | $630,000 | 2,624 | 58.3% |
| 17 BENDER ST | 2025-02 | $604,000 | 2,632 | 62.0% |
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