The Fair Share Report
408 Spring St
Hillside, NJ 07205
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 $372,038 – $537,070, from 12 comparable Hillside 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 Hillside assessments sit below market value — republished every October, applied town-wide. A $454,257 home should be assessed near $110,521.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,721 below what the ratio math suggests (9.7%).
Step 4 · The tax rate — same for every Hillside home
$3.447 Schools · 39% $1.407 County · 16% $4.044 Town · 45%
Step 5 · The bill
This home vs. every recent Hillside sale · assessed ÷ market
13%36%
Paying about right
This home's ratio lands inside Hillside'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 |
|---|---|---|---|---|
| 277 CLARK ST | 2026-03 | $540,000 | 1,200 | 23.6% |
| 239 CLARK ST | 2025-05 | $500,000 | 1,180 | 19.0% |
| 243 CLARK ST | 2025-05 | $558,000 | 1,096 | 16.8% |
| 202 FITZPATRICK ST | 2025-09 | $400,000 | 1,168 | 24.4% |
| 519 BUCHANAN ST | 2024-12 | $450,000 | 1,159 | 22.3% |
| 1219 STONE ST | 2025-06 | $605,000 | 1,270 | 25.8% |
| 125 VIRGINIA ST | 2025-02 | $480,000 | 1,212 | 21.8% |
| 280 FITZPATRICK ST | 2025-08 | $500,000 | 1,102 | 20.5% |
| 1084 SALEM AVE | 2025-06 | $508,500 | 1,224 | 24.3% |
| 557 BUCHANAN ST | 2025-06 | $310,000 | 1,248 | 27.1% |
| 188 BALTIMORE AVE | 2025-07 | $375,000 | 1,180 | 19.3% |
| 1449 LESLIE ST | 2025-07 | $240,000 | 985 | 28.8% |
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