The Fair Share Report
47 Third St
Emerson, NJ 07630
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 $753,066 – $938,580, from 12 comparable Emerson 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 Emerson assessments sit below market value — republished every October, applied town-wide. A $810,309 home should be assessed near $538,693.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,993 below what the ratio math suggests (7.6%).
Step 4 · The tax rate — same for every Emerson home
$2.044 Schools · 60% $0.329 County · 10% $1.046 Town · 31%
Step 5 · The bill
This home vs. every recent Emerson sale · assessed ÷ market
43%82%
Paying about right
This home's ratio lands inside Emerson'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 LINDEN AVE | 2026-03 | $865,000 | 2,005 | 49.1% |
| 69 CHESTNUT AVE | 2025-04 | $830,000 | 2,152 | 62.7% |
| 129 SANFORD AVE | 2026-04 | $940,000 | 2,180 | 45.5% |
| 33 DOGWOOD LANE | 2025-07 | $750,000 | 2,177 | 55.6% |
| 286 SPRUCE AVE | 2026-01 | $825,000 | 1,952 | 49.4% |
| 87 PALISADE AVE | 2025-12 | $760,000 | 2,051 | 52.3% |
| 59 COLONIAL RD | 2025-12 | $925,000 | 2,476 | 62.2% |
| 105 LONGVIEW DR | 2025-10 | $1,050,000 | 1,876 | 46.5% |
| 132 JEFFERSON AVE | 2025-09 | $750,000 | 2,310 | 51.6% |
| 260 FOREST AVE | 2025-09 | $710,000 | 2,025 | 56.6% |
| 72 WORTENDYKE AVE | 2025-03 | $760,000 | 2,011 | 57.9% |
| 92 LOCUST AVE | 2025-11 | $860,000 | 2,326 | 54.6% |
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