The Fair Share Report
46 Second St
Highlands, NJ 07732
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 $331,260 – $639,135, from 12 comparable Highlands 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 Highlands assessments sit below market value — republished every October, applied town-wide. A $469,290 home should be assessed near $463,752.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,048 above what the ratio math suggests (4.3%).
Step 4 · The tax rate — same for every Highlands home
$0.700 Schools · 41% $0.196 County · 11% $0.813 Town · 48%
This home's own bill implies $1.336 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Highlands sale · assessed ÷ market
70%151%
Paying about right
This home's ratio lands inside Highlands'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 |
|---|---|---|---|---|
| 230 BAY AVENUE | 2026-04 | $360,000 | 1,134 | 115.7% |
| 134 LINDEN AVE | 2025-01 | $390,000 | 1,152 | 103.2% |
| 69 FOURTH STREET | 2026-01 | $481,300 | 1,082 | 100.0% |
| 52 WASHINGTON AVENUE | 2026-04 | $750,000 | 1,280 | 67.2% |
| 203 SHORE DRIVE | 2026-01 | $499,900 | 1,140 | 79.4% |
| 45 PORTLAND ROAD | 2025-03 | $475,000 | 1,440 | 108.2% |
| 227 SHORE DRIVE | 2025-04 | $615,000 | 1,024 | 96.5% |
| 51 MATTHEW STREET | 2026-01 | $425,000 | 918 | 100.9% |
| 100 NAVESINK AVE 1 | 2026-03 | $417,000 | 1,056 | 90.9% |
| 251 BAY AVENUE | 2026-04 | $571,000 | 992 | 93.7% |
| 30 OCEAN AVENUE | 2025-05 | $600,000 | 1,242 | 100.0% |
| 20 CEDAR STREET #6 | 2025-02 | $475,000 | 1,074 | 101.7% |
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