The Fair Share Report

5 E Ct

Oakland, NJ 07436

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

≈ $872,613

Likely range $766,506 – $1,042,723, from 12 comparable Oakland sales in the past 18 months, at this home's 2,380 sq ft.

Step 2 · The Director's Ratio

88.79%

The state's official measure of how far Oakland assessments sit below market value — republished every October, applied town-wide. A $872,613 home should be assessed near $774,793.

Step 3 · Assessed value

$827,600

Set at the last town-wide revaluation and mostly frozen since. That's $52,807 above what the ratio math suggests (6.8%).

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

$2.184 per $100 assessed

$1.397 Schools · 64% $0.235 County · 11% $0.553 Town · 25%

This home's own bill implies $2.039 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$16,873/yr
Public schools$10,788
Bergen County$1,815
Town of Oakland$4,270
Oakland average$13,749

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

Town median 90.1%
This home · 94.8%

74%113%

Paying about right

This home's ratio lands inside Oakland'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
81 CHUCKANUTT DR2025-05$1,106,0002,23876.7%
51 SPEAR ST2026-03$885,0002,02082.9%
72 CHEROKEE TRL2025-02$780,0002,622108.5%
7 CHUCKANUTT DR2025-05$975,0002,90786.4%
39 ANDREW AVE2026-03$1,110,0002,95986.1%
165 PAGE DR2026-06$958,0002,06077.0%
90 GROVE ST2025-03$725,0002,496108.2%
48 BREAKNECK RD2025-02$800,0002,484100.5%
16 CARDINAL DR2025-03$999,0002,51290.1%
140 IROQUOIS AVE2025-04$839,0002,75393.3%
150 ANDREW AVE2025-04$1,075,0002,93294.5%
11 ARROWHEAD RD2025-01$825,0001,98086.0%

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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 →