The Fair Share Report
424 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 $474,658 – $639,245, from 12 comparable Roselle sales in the past 18 months, at this home's 1,694 sq ft.
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 $606,605 home should be assessed near $170,213.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,087 above what the ratio math suggests (4.8%).
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%43%
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 |
|---|---|---|---|---|
| 362 W 3RD AVE | 2025-03 | $590,000 | 1,756 | 25.8% |
| 435 W 5TH AVE | 2026-03 | $500,000 | 1,544 | 21.7% |
| 241 W 4TH AVE | 2025-01 | $665,000 | 1,772 | 19.1% |
| 109 E 6TH AVE | 2025-10 | $380,250 | 1,814 | 30.2% |
| 248 W 3RD AVE | 2025-12 | $450,000 | 1,606 | 23.8% |
| 339 W 3RD AVE | 2025-10 | $450,000 | 1,447 | 22.4% |
| 1124 DRAKE AVE | 2025-09 | $830,000 | 1,940 | 17.9% |
| 121 W 8TH AVE | 2024-12 | $540,000 | 1,508 | 22.7% |
| 322 MERCER AVE | 2025-10 | $626,000 | 1,506 | 21.5% |
| 522 E 1ST AVE | 2025-04 | $250,000 | 1,610 | 43.6% |
| 383 E 9TH AVE | 2025-10 | $640,000 | 1,696 | 16.6% |
| 387 E 9TH AVE | 2026-01 | $650,000 | 1,698 | 17.1% |
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