The Fair Share Report
49 Second St
Mount Olive, NJ 07828
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 $289,286 – $465,000, from 12 comparable Mount Olive sales in the past 18 months, at this home's 900 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Mount Olive assessments sit below market value — republished every October, applied town-wide. A $393,674 home should be assessed near $260,297.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $72,897 below what the ratio math suggests (28.0%).
Step 4 · The tax rate — same for every Mount Olive home
$2.310 Schools · 69% $0.345 County · 10% $0.711 Town · 21%
Step 5 · The bill
This home vs. every recent Mount Olive sale · assessed ÷ market
35%82%
Paying about right
This home's ratio lands inside Mount Olive'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 |
|---|---|---|---|---|
| 23 HILLSIDE AVE | 2025-11 | $405,000 | 768 | 41.0% |
| 57 WOODBINE AVE | 2025-10 | $409,500 | 864 | 43.6% |
| 94 MT OLIVE RD | 2025-02 | $358,000 | 1,041 | 50.4% |
| 6 LAKEVIEW AVE | 2026-05 | $410,000 | 936 | 50.3% |
| 16 DEVONSHIRE TER | 2026-06 | $595,000 | 1,020 | 37.8% |
| 115 MT OLIVE RD | 2025-08 | $255,000 | 1,137 | 75.9% |
| 115 MT OLIVE RD | 2025-01 | $200,000 | 1,137 | 96.8% |
| 11 CHURCH ST | 2025-12 | $475,000 | 910 | 40.2% |
| 81 WOODBINE AVE | 2025-06 | $580,000 | 1,466 | 40.9% |
| 138 BARTLEY-FLANDERS RD | 2026-01 | $440,000 | 1,460 | 52.5% |
| 22 INDIAN LN | 2025-10 | $525,000 | 1,423 | 47.1% |
| 1 KERN DR | 2025-03 | $650,000 | 1,486 | 41.5% |
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