The Fair Share Report
45 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 $460,684 – $610,909, 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 $534,857 home should be assessed near $353,647.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $111,547 below what the ratio math suggests (31.5%).
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
34%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 |
|---|---|---|---|---|
| 5 N ROSE LN | 2025-08 | $600,000 | 1,624 | 44.9% |
| 1 TIMBERLINE RD | 2025-07 | $515,000 | 1,497 | 39.7% |
| 31 ORCHARD ST | 2025-09 | $525,000 | 1,660 | 40.3% |
| 43 DOGWOOD DR | 2026-01 | $479,000 | 1,690 | 45.4% |
| 24 RAMAR ST | 2025-12 | $599,000 | 1,646 | 49.6% |
| 32 RIDGE RD | 2025-04 | $440,000 | 1,560 | 54.8% |
| 61 CLINTON AVE | 2025-08 | $465,000 | 1,747 | 43.6% |
| 7 INDIAN SPRING RD | 2025-01 | $495,000 | 1,540 | 49.3% |
| 63 DEER PATH DR | 2025-03 | $610,000 | 1,686 | 48.1% |
| 23 MANOR HOUSE RD | 2026-03 | $530,000 | 1,974 | 42.0% |
| 26 ROBERT ST | 2025-08 | $615,000 | 1,812 | 48.9% |
| 35 COREY RD | 2025-04 | $579,900 | 1,780 | 42.1% |
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