The Fair Share Report
45 Pine Blvd
Hanover, NJ 07927
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 $446,756 – $580,990, from 12 comparable Hanover 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 Hanover assessments sit below market value — republished every October, applied town-wide. A $497,426 home should be assessed near $345,164.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $47,064 below what the ratio math suggests (13.6%).
Step 4 · The tax rate — same for every Hanover home
$1.207 Schools · 59% $0.314 County · 15% $0.529 Town · 26%
Step 5 · The bill
This home vs. every recent Hanover sale · assessed ÷ market
41%85%
Paying about right
This home's ratio lands inside Hanover'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 |
|---|---|---|---|---|
| 67 PARSIPPANY RD | 2025-11 | $460,000 | 1,224 | 55.8% |
| 13 PINE BLVD | 2025-01 | $500,000 | 1,035 | 54.8% |
| 152 RIDGEDALE AVE | 2025-07 | $600,000 | 1,313 | 59.6% |
| 6 LIONEL PL | 2025-07 | $615,000 | 1,496 | 52.9% |
| 41 LEFKE LN | 2025-11 | $575,000 | 1,182 | 52.7% |
| 80 SUNRISE DR | 2026-05 | $490,000 | 1,244 | 64.7% |
| 1005 MEADOW BROOK CT | 2025-10 | $530,000 | 1,250 | 59.6% |
| 3306 APPLETON WAY | 2025-12 | $405,000 | 1,166 | 55.6% |
| 3418 APPLETON WAY | 2025-06 | $400,000 | 1,166 | 56.3% |
| 2903 APPLETON WAY | 2026-04 | $472,000 | 1,164 | 49.4% |
| 3004 APPLETON WAY | 2025-02 | $480,000 | 1,164 | 48.6% |
| 144 SUNRISE DR | 2025-08 | $458,000 | 1,122 | 64.2% |
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