The Fair Share Report
48 Wall St
E Rutherford, NJ 07073
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside East Rutherford's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $539,077 – $679,932, from 12 comparable East Rutherford 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 East Rutherford assessments sit below market value — republished every October, applied town-wide. A $579,880 home should be assessed near $592,289.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,689 below what the ratio math suggests (9.7%).
Step 4 · The tax rate — same for every East Rutherford home
$0.926 Schools · 58% $0.236 County · 15% $0.446 Town · 28%
This home's own bill implies $1.522 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent East Rutherford sale · assessed ÷ market
70%105%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 275 LAUREL PL | 2025-05 | $670,000 | 1,534 | 84.1% |
| 34 BOBBINK TERR | 2026-05 | $646,000 | 1,382 | 88.3% |
| 48 MCKENZIE AVE | 2025-05 | $688,000 | 1,876 | 83.7% |
| 828 PATERSON AVE | 2026-01 | $720,000 | 2,043 | 82.0% |
| 11-B TRIUMPH CT | 2025-04 | $627,000 | 1,608 | 77.0% |
| 96 PROSPECT TERR | 2026-02 | $655,000 | 1,709 | 87.9% |
| 95 ATKINS TERR | 2026-04 | $750,000 | 2,075 | 80.6% |
| 115 PATERSON AVE | 2026-04 | $602,000 | 1,741 | 79.0% |
| 58 MOZART ST | 2026-06 | $658,000 | 2,084 | 82.8% |
| 132 UNION AVENUE #405A | 2026-05 | $560,000 | 1,267 | 82.9% |
| 47 VREELAND AVE | 2025-06 | $764,000 | 2,580 | 73.2% |
| 104 RIVER RENAISSANCE | 2025-05 | $450,000 | 1,241 | 86.2% |
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