The Fair Share Report
40 Third St
Butler, NJ 07405
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 $543,221 – $820,811, from 12 comparable Butler 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 Butler assessments sit below market value — republished every October, applied town-wide. A $667,618 home should be assessed near $580,828.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $372 above what the ratio math suggests (0.1%).
Step 4 · The tax rate — same for every Butler home
$1.555 Schools · 62% $0.252 County · 10% $0.704 Town · 28%
This home's own bill implies $2.180 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Butler sale · assessed ÷ market
65%112%
Paying about right
This home's ratio lands inside Butler'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 |
|---|---|---|---|---|
| 21 STONY HILL RD | 2025-01 | $565,000 | 2,240 | 97.3% |
| 139 SUNSET AVE | 2026-04 | $635,000 | 2,122 | 77.3% |
| 2 CARL G WHRITENOUR RD | 2025-05 | $603,000 | 2,072 | 96.3% |
| 36 SUNSET AVE | 2025-03 | $529,900 | 2,143 | 90.4% |
| 18 STONY HILL RD | 2026-04 | $642,500 | 1,754 | 79.0% |
| 104 LEONARD RD | 2025-03 | $560,000 | 1,870 | 90.3% |
| 46 MARION AVE | 2025-02 | $325,000 | 1,828 | 147.9% |
| 5 CHARLES A HABER JR CT | 2025-03 | $632,000 | 1,912 | 90.8% |
| 7 ALPINE DR | 2026-04 | $675,000 | 1,760 | 79.4% |
| 26 ARCH ST | 2026-02 | $490,000 | 1,824 | 97.2% |
| 124 BARTHOLDI AVE | 2026-04 | $587,000 | 1,965 | 86.7% |
| 1 RICHARD CT | 2025-04 | $801,000 | 1,708 | 76.2% |
Is this your house?
Run your own report →