The Fair Share Report
5 E Forest Rd
Mount Olive, NJ 07840
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 $295,546 – $392,734, from 12 comparable Mount Olive 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 Mount Olive assessments sit below market value — republished every October, applied town-wide. A $327,129 home should be assessed near $216,298.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $129,598 below what the ratio math suggests (59.9%).
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
17%82%
Keep quiet and enjoy it
This home's assessment ratio sits below the Mount Olive pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 31 LOZIER RD | 2025-01 | $285,000 | 962 | 69.7% |
| 14 STONEWALD RD | 2026-02 | $415,000 | 836 | 41.0% |
| 6 FOREST RD | 2026-02 | $325,000 | 916 | 55.7% |
| 9 PROSPECT AVE | 2026-04 | $415,000 | 1,000 | 44.0% |
| 5 LAKEVIEW AVE | 2026-03 | $224,000 | 948 | 74.8% |
| 260 ROUTE 46 | 2025-07 | $240,000 | 742 | 54.0% |
| 29 FOREST RD | 2026-04 | $350,000 | 838 | 50.3% |
| 4 FIRST ST | 2025-12 | $275,000 | 840 | 62.3% |
| 154 SAND SHORE RD | 2026-01 | $320,000 | 986 | 52.0% |
| 24 FOREST RD | 2025-07 | $355,000 | 1,008 | 49.8% |
| 6 NORTH RD | 2025-05 | $383,000 | 940 | 53.7% |
| 11 CHURCH ST | 2025-12 | $475,000 | 910 | 40.2% |
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