The Fair Share Report
46 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 $384,257 – $507,814, 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 $419,299 home should be assessed near $277,240.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $94,440 below what the ratio math suggests (34.1%).
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
31%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 |
|---|---|---|---|---|
| 13 STONEWALD CT DR | 2026-06 | $447,000 | 1,092 | 47.0% |
| 32 OUTLOOK AVE | 2025-08 | $401,000 | 1,523 | 51.7% |
| 24 FOREST RD | 2025-07 | $355,000 | 1,008 | 49.8% |
| 48 OLD BUDD LAKE RD | 2026-04 | $210,000 | 1,252 | 92.1% |
| 13 WOODSEDGE AVE | 2026-01 | $475,000 | 1,480 | 45.6% |
| 21 CENTER ST | 2026-05 | $510,000 | 1,580 | 41.6% |
| 25 FOURTH ST | 2025-12 | $500,000 | 1,456 | 42.5% |
| 7 FLANDERS RD | 2025-07 | $390,000 | 1,256 | 48.6% |
| 9 HATAKAWANNA TER | 2025-07 | $460,000 | 1,168 | 44.5% |
| 6 NORTH RD | 2025-05 | $383,000 | 940 | 53.7% |
| 11 CHURCH ST | 2025-12 | $475,000 | 910 | 40.2% |
| 4 FERN AVE | 2026-02 | $550,000 | 1,456 | 39.5% |
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