The Fair Share Report
48 Prentice Ln
Mendham, NJ 07920
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 $805,886 – $1,207,901, from 12 comparable Mendham 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 Mendham assessments sit below market value — republished every October, applied town-wide. A $875,226 home should be assessed near $628,500.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $423,300 above what the ratio math suggests (67.4%).
Step 4 · The tax rate — same for every Mendham home
$1.661 Schools · 66% $0.302 County · 12% $0.563 Town · 22%
This home's own bill implies $2.046 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Mendham sale · assessed ÷ market
43%136%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (82.58%) — roughly $10,693/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2 COUNTY LINE RD | 2025-07 | $765,000 | — | 66.2% |
| 7 HALSTEAD RD | 2025-02 | $715,000 | 1,901 | 62.8% |
| 49 HARDSCRABBLE RD | 2025-03 | $1,585,000 | 3,481 | 79.2% |
| 200 MOUNTAINSIDE RD | 2026-01 | $900,000 | 1,796 | 52.5% |
| 200 MOUNTAINSIDE RD | 2025-10 | $645,000 | 1,796 | 73.3% |
| 41 FRANKLIN RD | 2026-04 | $1,250,000 | 2,228 | 44.9% |
| 33 MAPLE AVE | 2025-11 | $920,000 | 2,360 | 64.0% |
| 38 W MAIN ST | 2026-05 | $900,000 | 2,323 | 60.1% |
| 18 DEERFIELD RD | 2025-01 | $839,000 | 2,393 | 67.2% |
| 10 BOCKOVEN RD | 2025-11 | $849,000 | 2,304 | 63.7% |
| 7 TEMPE WICK RD | 2026-05 | $1,177,000 | 2,361 | 44.5% |
| 16 GALWAY DR | 2026-03 | $725,000 | 2,292 | 54.8% |
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