The Fair Share Report
404 E 3rd Ave
Roselle, NJ 07203
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 $539,261 – $744,229, from 12 comparable Roselle 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 Roselle assessments sit below market value — republished every October, applied town-wide. A $660,882 home should be assessed near $185,443.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $28,413 below what the ratio math suggests (15.3%).
Step 4 · The tax rate — same for every Roselle home
$3.297 Schools · 36% $1.177 County · 13% $4.673 Town · 51%
This home's own bill implies $8.662 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Roselle sale · assessed ÷ market
14%39%
Paying about right
This home's ratio lands inside Roselle'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 |
|---|---|---|---|---|
| 1024 THOMPSON AVE | 2025-01 | $665,000 | 2,720 | 23.3% |
| 146 E 10TH AVE | 2026-04 | $670,000 | 2,381 | 19.1% |
| 1123 SHERIDAN AVE | 2025-12 | $700,000 | 2,720 | 23.2% |
| 403 HAMILTON ST | 2025-07 | $635,000 | 2,583 | 23.6% |
| 419 MARTIN ST | 2025-08 | $380,000 | 2,302 | 37.2% |
| 326 MERCER AVE | 2026-02 | $795,000 | 2,795 | 31.1% |
| 280 E 4TH AVE | 2025-03 | $710,000 | 2,680 | 22.6% |
| 114 E 5TH AVE | 2026-01 | $505,000 | 2,272 | 39.9% |
| 1025 RIVINGTON ST | 2026-04 | $670,000 | 2,324 | 27.3% |
| 111 ADELPHI ST | 2026-04 | $775,000 | 2,842 | 21.4% |
| 321-3 W 1ST AVE | 2025-08 | $495,000 | 2,409 | 27.0% |
| 1124 DRAKE AVE | 2025-09 | $830,000 | 1,940 | 17.9% |
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