The Fair Share Report
44 Third St
Mount Olive, NJ 07828
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 $497,793 – $596,827, from 12 comparable Mount Olive 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 Mount Olive assessments sit below market value — republished every October, applied town-wide. A $534,276 home should be assessed near $353,263.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $82,863 below what the ratio math suggests (23.5%).
Step 4 · The tax rate — same for every Mount Olive home
$2.310 Schools · 69% $0.345 County · 10% $0.711 Town · 21%
Step 5 · The bill
This home vs. every recent Mount Olive sale · assessed ÷ market
37%82%
Paying about right
This home's ratio lands inside Mount Olive'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 |
|---|---|---|---|---|
| 35 BROCK LN | 2025-08 | $480,000 | 1,807 | 59.1% |
| 40 CAMELOT DR | 2025-10 | $675,000 | 2,164 | 50.7% |
| 13 CHICKADEE RD | 2025-08 | $410,000 | 1,828 | 55.3% |
| 88 SMITHTOWN RD | 2026-03 | $560,000 | 1,913 | 44.1% |
| 1 BRIDLE LN | 2025-12 | $500,000 | 1,746 | 51.9% |
| 16 EDWARD DR | 2025-07 | $610,000 | 1,812 | 49.6% |
| 16 GOLD MINE RD | 2025-02 | $480,000 | 1,700 | 57.7% |
| 21 RAMAR ST | 2025-09 | $455,000 | 1,900 | 68.3% |
| 9 PEMBROOK LN | 2026-06 | $620,000 | 1,862 | 54.9% |
| 2 ROBERT ST | 2026-03 | $615,000 | 1,812 | 48.2% |
| 10 BUDD LAKE HEIGHTS RD | 2025-12 | $390,000 | 1,838 | 68.6% |
| 1 LISA DR | 2025-10 | $525,000 | 1,687 | 60.5% |
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