The Fair Share Report
44 E Main St
Mendham, NJ 07945
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 $815,658 – $1,434,604, from 12 comparable Mendham sales in the past 18 months, at this home's 3,137 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Mendham assessments sit below market value — republished every October, applied town-wide. A $1,312,754 home should be assessed near $942,689.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $170,989 below what the ratio math suggests (18.1%).
Step 4 · The tax rate — same for every Mendham home
$1.661 Schools · 66% $0.302 County · 12% $0.563 Town · 22%
Step 5 · The bill
This home vs. every recent Mendham sale · assessed ÷ market
43%100%
Paying about right
This home's ratio lands inside Mendham'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 |
|---|---|---|---|---|
| 3 NEW ST | 2026-05 | $1,342,500 | 3,134 | 49.9% |
| 2 BRIDGE ST | 2025-03 | $650,000 | 2,915 | 86.3% |
| 79 MOUNTAIN AVE | 2025-05 | $870,000 | 3,346 | 67.0% |
| 23 DRAKE RD | 2025-09 | $1,100,000 | 2,919 | 56.6% |
| 7 WEDGEWOOD LN | 2025-02 | $1,275,000 | 2,788 | 56.6% |
| 51 DEAN RD | 2025-07 | $1,280,000 | 2,698 | 58.6% |
| 56 MOUNTAINSIDE RD | 2026-06 | $1,119,000 | 2,674 | 53.8% |
| 11 PROSPECT ST | 2025-10 | $950,000 | 4,133 | 75.2% |
| 27 PHOENIX DR | 2025-07 | $1,485,000 | 3,540 | 48.6% |
| 42 DEAN RD | 2026-05 | $1,550,000 | 3,390 | 54.1% |
| 17 DRAKE RD | 2026-05 | $1,480,000 | 2,562 | 41.6% |
| 30 E MAIN ST | 2025-05 | $550,000 | 3,172 | 104.5% |
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