The Fair Share Report
423 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 $413,909 – $509,189, 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 $486,840 home should be assessed near $136,607.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,907 below what the ratio math suggests (20.4%).
Step 4 · The tax rate — same for every Roselle home
$3.297 Schools · 36% $1.177 County · 13% $4.673 Town · 51%
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 |
|---|---|---|---|---|
| 253 E 2ND AVE | 2025-09 | $570,000 | 1,344 | 29.9% |
| 149 E 7TH AVE | 2025-06 | $505,000 | 1,460 | 23.7% |
| 812 SPRUCE ST | 2025-05 | $425,000 | 1,136 | 27.4% |
| 14 ARTHUR ST | 2026-03 | $565,000 | 1,166 | 22.6% |
| 304 W 2ND AVE | 2026-05 | $595,000 | 1,377 | 19.9% |
| 76 WOODLAND DR | 2025-06 | $433,000 | 1,152 | 22.4% |
| 131 W 3RD AVE | 2025-09 | $575,000 | 1,332 | 17.5% |
| 147 W 3RD AVE | 2025-01 | $570,000 | 1,364 | 17.1% |
| 454 W 6TH AVE | 2026-04 | $570,000 | 1,164 | 20.2% |
| 725 WOOD AVE | 2025-04 | $518,000 | 1,304 | 23.1% |
| 463 W 6TH AVE | 2026-04 | $650,000 | 1,158 | 20.7% |
| 142 E 6TH AVE | 2026-02 | $480,000 | 1,292 | 22.8% |
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