The Fair Share Report
47 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 $344,743 – $535,965, 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 $477,989 home should be assessed near $331,677.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $54,077 below what the ratio math suggests (16.3%).
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%86%
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 |
|---|---|---|---|---|
| 13 PINE BLVD | 2025-01 | $500,000 | 1,035 | 54.8% |
| 22 WASHINGTON AVE | 2025-05 | $400,000 | 1,144 | 82.3% |
| 1 PARKER AVE | 2026-06 | $600,000 | 1,029 | 51.6% |
| 63 REYNOLDS AVE | 2026-05 | $425,000 | 1,044 | 63.1% |
| 41 LEFKE LN | 2025-11 | $575,000 | 1,182 | 52.7% |
| 201 CAMBRIDGE ST | 2025-05 | $550,000 | 1,092 | 61.0% |
| 1 WOODCREST RD | 2025-09 | $699,000 | 1,222 | 45.3% |
| 14 MALAPARDIS RD | 2025-03 | $360,000 | 928 | 74.3% |
| 152 RIDGEDALE AVE | 2025-07 | $600,000 | 1,313 | 59.6% |
| 15 HORSEHILL RD | 2025-06 | $325,000 | 1,331 | 87.0% |
| 26 HANOVER AVE | 2025-02 | $403,750 | 1,246 | 70.5% |
| 306 BROOK HOLLOW DR | 2025-10 | $487,000 | 1,038 | 54.8% |
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