The Fair Share Report
40 Second St
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 $447,029 – $511,088, 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 $479,161 home should be assessed near $316,821.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $114,121 below what the ratio math suggests (36.0%).
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
34%82%
Keep quiet and enjoy it
This home's assessment ratio sits below the Mount Olive pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 8 CARTERET AVE | 2025-04 | $525,000 | 1,404 | 43.0% |
| 9 HARWICH RD | 2025-06 | $610,000 | 1,503 | 48.9% |
| 7 BREWSTER PL | 2025-08 | $555,000 | 1,503 | 50.2% |
| 10 ALDEN TER | 2026-04 | $610,000 | 1,529 | 45.6% |
| 39 ALDEN TER | 2025-11 | $560,000 | 1,529 | 50.0% |
| 44 DEER PATH DR | 2026-04 | $530,000 | 1,560 | 50.5% |
| 14 ALDEN TER | 2025-01 | $494,000 | 1,558 | 56.1% |
| 36 DEER PATH DR | 2026-04 | $559,900 | 1,560 | 49.9% |
| 10 FALCON RD | 2026-04 | $551,000 | 1,580 | 49.0% |
| 5 LEDGEWOOD RD | 2025-10 | $520,000 | 1,585 | 53.0% |
| 12 BREWSTER PL | 2025-05 | $585,000 | 1,598 | 48.0% |
| 15 DEER PATH DR | 2025-12 | $495,000 | 1,560 | 53.7% |
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