The Fair Share Report

49 Second St

Highlands, NJ 07732

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.

Step 1 · Market value

≈ $614,993

Likely range $488,140 – $923,363, from 12 comparable Highlands sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

98.82%

The state's official measure of how far Highlands assessments sit below market value — republished every October, applied town-wide. A $614,993 home should be assessed near $607,736.

Step 3 · Assessed value

$640,700

Set at the last town-wide revaluation and mostly frozen since. That's $32,964 above what the ratio math suggests (5.4%).

Step 4 · The tax rate — same for every Highlands home

$1.709 per $100 assessed

$0.700 Schools · 41% $0.196 County · 11% $0.813 Town · 48%

This home's own bill implies $1.433 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$9,179/yr
Public schools$3,760
Monmouth County$1,053
Town of Highlands$4,367
Highlands average$8,981

This home vs. every recent Highlands sale · assessed ÷ market

Town median 99.8%
This home · 104.2%

64%137%

Paying about right

This home's ratio lands inside Highlands's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
39-D JACKSON ST.2025-05$537,0001,440101.2%
25 MILLER STREET2025-04$793,0001,42289.1%
14 SEADRIFT AVENUE2026-04$920,0001,56081.5%
315-D SHORE DRIVE2026-05$520,0001,63692.4%
315-B SHORE DRIVE2025-06$510,0001,636100.1%
58 BARBARIE AVENUE2025-04$640,0031,48295.6%
45 PORTLAND ROAD2025-03$475,0001,440108.2%
55 BAY AVENUE2025-04$475,0001,444100.9%
52 BARBERIE AVENUE2026-05$699,0001,764100.1%
14 LIGHTHOUSE POINT ROAD2026-06$1,637,0002,28086.2%
28 SECOND STREET2026-02$950,0002,083103.5%
85 SEADRIFT AVENUE2025-02$604,9991,79697.6%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →