The Fair Share Report
440 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 $404,253 – $494,779, 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 $474,292 home should be assessed near $133,086.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,286 below what the ratio math suggests (31.0%).
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
13%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 |
|---|---|---|---|---|
| 473 ROBINS ST | 2025-06 | $480,000 | 1,152 | 22.2% |
| 238 E 8TH AVE | 2026-05 | $476,000 | 1,115 | 19.4% |
| 212 THOMPSON AVE | 2025-11 | $515,000 | 1,164 | 24.6% |
| 540 E 3RD AVE | 2026-04 | $400,000 | 1,080 | 21.6% |
| 439 WHEATSHEAF RD | 2025-04 | $476,000 | 1,106 | 22.0% |
| 1018 DRAKE AVE | 2025-04 | $420,000 | 1,152 | 22.2% |
| 572 W 9TH AVE | 2025-09 | $475,000 | 1,020 | 23.4% |
| 1107 DRAKE AVE | 2026-02 | $580,000 | 1,232 | 16.5% |
| 1274 CHESTNUT ST | 2025-04 | $488,000 | 1,140 | 20.9% |
| 403 JOHN ST | 2025-12 | $495,000 | 1,232 | 28.2% |
| 407 E 10TH AVE | 2025-12 | $365,000 | 960 | 25.4% |
| 712 SHERIDAN AVE | 2025-04 | $300,000 | 1,116 | 40.7% |
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