The Fair Share Report
5 Hover Dr
Mount Arlington, NJ 07856
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 $636,594 – $762,747, from 12 comparable Mount Arlington 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 Arlington assessments sit below market value — republished every October, applied town-wide. A $699,755 home should be assessed near $558,684.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,016 above what the ratio math suggests (9.1%).
Step 4 · The tax rate — same for every Mount Arlington home
$1.228 Schools · 56% $0.272 County · 12% $0.702 Town · 32%
Step 5 · The bill
This home vs. every recent Mount Arlington sale · assessed ÷ market
57%101%
A touch high — worth watching
This home's ratio sits above most of Mount Arlington, but doesn't clear NJ's legal appeal line (91.82%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 3 EVERGREEN WAY | 2025-09 | $675,000 | 2,822 | 69.3% |
| 624 SANDRA DR | 2025-09 | $580,000 | 3,077 | 111.1% |
| 107 ONDISH CT | 2025-11 | $739,000 | 2,818 | 74.8% |
| 126 ONDISH CT | 2025-02 | $782,500 | 2,789 | 70.4% |
| 102 ONDISH CT | 2025-10 | $701,500 | 2,780 | 70.1% |
| 98 ZACHARY WAY | 2025-03 | $700,000 | 2,971 | 79.2% |
| 571 AUDREY RD | 2025-06 | $925,000 | 3,496 | 83.8% |
| 145 CRESTVIEW LN | 2025-08 | $579,900 | 2,568 | 77.1% |
| 2 HARRISON WAY | 2026-06 | $700,000 | 2,852 | 70.3% |
| 2 HARRISON WAY | 2025-05 | $675,000 | 2,852 | 72.9% |
| 35 KADEL DR | 2025-08 | $545,000 | 2,467 | 77.3% |
| 416 WINDEMERE AVE | 2025-10 | $750,000 | 2,790 | 100.3% |
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