The Fair Share Report
41A Middle Ave
Summit, NJ 07901
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 $614,194 – $968,176, from 12 comparable Summit sales in the past 18 months, at this home's 1,088 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Summit assessments sit below market value — republished every October, applied town-wide. A $748,843 home should be assessed near $230,719.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $101,919 below what the ratio math suggests (44.2%).
Step 4 · The tax rate — same for every Summit home
$2.335 Schools · 52% $1.092 County · 24% $1.043 Town · 23%
Summit also levies a Special Improvement District charge inside its district boundaries — the county roll doesn't say which homes are in it, but a bill's "IMPROVEMENT DISTRICT" line does. District homes pay $4.654 per $100 all-in (+$0.184).
Step 5 · The bill
This home vs. every recent Summit sale · assessed ÷ market
8%41%
Keep quiet and enjoy it
This home's assessment ratio sits below the Summit 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 |
|---|---|---|---|---|
| 417 MORRIS AVE UNIT 7 | 2025-06 | $649,000 | 1,024 | 22.4% |
| 36 GLENSIDE AVE | 2025-03 | $722,000 | 1,049 | 34.2% |
| 64 TULIP ST | 2026-04 | $1,089,000 | 1,111 | 25.3% |
| 31 MIELE PL. | 2025-09 | $650,000 | 1,264 | 28.2% |
| 10 HARVEY CT | 2025-09 | $1,212,000 | 1,362 | 27.1% |
| 8 CHAPEL ST | 2025-06 | $596,584 | 1,196 | 22.0% |
| 24 PEARL ST | 2026-05 | $756,000 | 1,084 | 26.3% |
| 65 SPRINGFIELD AVE | 2026-04 | $700,000 | 1,240 | 19.8% |
| 32 LOCUST DR | 2025-12 | $1,350,000 | 1,260 | 21.5% |
| 4 MIDLAND TERR | 2025-11 | $1,485,000 | 1,476 | 22.3% |
| 23 ORCHARD ST | 2025-05 | $630,000 | 1,208 | 24.6% |
| 1 EUCLID AVE APT 4-E | 2025-07 | $680,000 | 954 | 28.7% |
Is this your house?
Run your own report →