The Fair Share Report
5 Post Ln
Independence, NJ 07838
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 $198,693 – $261,942, from 12 comparable Independence 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 Independence assessments sit below market value — republished every October, applied town-wide. A $244,248 home should be assessed near $144,668.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,068 below what the ratio math suggests (0.7%).
Step 4 · The tax rate — same for every Independence home
$2.295 Schools · 60% $0.873 County · 23% $0.627 Town · 17%
Step 5 · The bill
This home vs. every recent Independence sale · assessed ÷ market
36%78%
A touch high — worth watching
This home's ratio sits above most of Independence, but doesn't clear NJ's legal appeal line (68.11%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 64 DAYTON CT UNIT 205 | 2026-06 | $230,000 | 910 | 43.3% |
| 64 DAYTON CT UNIT 302 | 2025-06 | $205,000 | 910 | 48.6% |
| 6204 BELMONT DR | 2025-06 | $265,000 | 936 | 45.1% |
| 6316 BELMONT DR | 2026-01 | $265,000 | 976 | 39.7% |
| 5114 AUSTIN CT | 2025-11 | $250,000 | 976 | 42.1% |
| 4 DEER PARK RD | 2025-08 | $350,000 | 1,040 | 54.4% |
| 64 DAYTON CT UNIT 206 | 2025-02 | $298,970 | 1,120 | 37.9% |
| 6302 BELMONT DR | 2025-10 | $230,000 | 1,139 | 50.3% |
| 5008 BRYANT DR | 2025-09 | $257,000 | 1,152 | 45.7% |
| 6307 BELMONT DR | 2025-07 | $250,000 | 1,152 | 46.7% |
| 305 TULSA CT | 2025-12 | $375,000 | 1,194 | 40.3% |
| 301 TULSA CT | 2025-11 | $336,500 | 1,194 | 45.0% |
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