The Fair Share Report

45 Third St

Roxbury, NJ 07847

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.

Step 1 · Market value

≈ $611,029

Likely range $587,133 – $640,508, from 12 comparable Roxbury sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

64.45%

The state's official measure of how far Roxbury assessments sit below market value — republished every October, applied town-wide. A $611,029 home should be assessed near $393,808.

Step 3 · Assessed value

$384,000

Set at the last town-wide revaluation and mostly frozen since. That's $9,808 below what the ratio math suggests (2.5%).

Step 4 · The tax rate — same for every Roxbury home

$2.820 per $100 assessed

$1.792 Schools · 64% $0.336 County · 12% $0.693 Town · 25%

Step 5 · The bill

$10,833/yr
Public schools$6,881
Morris County$1,290
Town of Roxbury$2,661
Roxbury average$9,773

This home vs. every recent Roxbury sale · assessed ÷ market

Town median 57.0%
This home · 62.8%

44%80%

Paying about right

This home's ratio lands inside Roxbury's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
29 JOYCE DR2026-03$700,0002,10956.3%
5 JOYCE DR2025-11$640,0002,18260.5%
7 TROY LN2026-05$975,00066.7%
43 JOYCE DR2025-06$515,0002,14869.3%
33 CANAL ST,LEDGE2026-01$600,0002,16755.6%
51 S HILLSIDE AVE2025-04$650,0002,19157.2%
9 PICARDY RD2025-04$625,0002,19256.1%
4 HORIZON DR2025-01$485,0002,25266.3%
22 HONEYMAN DR2025-12$700,0002,14058.4%
6 BEECHWOOD DR2025-06$729,0002,05655.5%
5 EDOR LN2025-12$570,0002,36365.9%
55 N HILLSIDE AVE2025-08$675,0002,40055.4%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →