The Fair Share Report
48 Eileen Dr
Cedar Grove, NJ 07009
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 $1,556,484 – $2,272,698, from 12 comparable Cedar Grove 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 Cedar Grove assessments sit below market value — republished every October, applied town-wide. A $1,865,294 home should be assessed near $1,272,131.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $443,569 above what the ratio math suggests (34.9%).
Step 4 · The tax rate — same for every Cedar Grove home
$1.547 Schools · 59% $0.473 County · 18% $0.582 Town · 22%
This home's own bill implies $1.699 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Cedar Grove sale · assessed ÷ market
70%116%
Paying about right
This home's ratio lands inside Cedar Grove'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 |
|---|---|---|---|---|
| 68 EILEEN DRIVE | 2026-04 | $1,675,000 | 5,092 | 117.2% |
| 7 TIFFANY COURT | 2025-03 | $1,950,000 | 4,696 | 90.8% |
| 136 EILEEN DRIVE | 2025-02 | $1,275,000 | 3,764 | 100.6% |
| 1 DOGWOOD COURT | 2025-06 | $1,400,000 | 3,053 | 79.8% |
| 822 POMPTON AVENUE | 2026-02 | $1,350,000 | 3,508 | 67.4% |
| 13 LAWRENCE WAY | 2026-03 | $1,500,000 | 3,687 | 87.8% |
| 811 HOLLY LANE | 2026-02 | $876,000 | 2,602 | 83.7% |
| 911 HOLLY LANE | 2026-01 | $890,000 | 2,602 | 82.3% |
| 3 BROOK RIDGE COURT | 2026-02 | $1,410,000 | 2,901 | 72.1% |
| 265 LITTLE FALLS ROAD | 2026-03 | $850,000 | 3,112 | 112.5% |
| 57 ELMWOOD ROAD | 2026-01 | $975,000 | 3,658 | 105.0% |
| 18 GLEN ROCK ROAD | 2026-03 | $1,350,000 | 2,901 | 75.9% |
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