The Fair Share Report

5 Post Rd

Netcong, NJ 07857

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

≈ $567,961

Likely range $466,267 – $604,563, from 12 comparable Netcong sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

69.53%

The state's official measure of how far Netcong assessments sit below market value — republished every October, applied town-wide. A $567,961 home should be assessed near $394,903.

Step 3 · Assessed value

$284,200

Set at the last town-wide revaluation and mostly frozen since. That's $110,703 below what the ratio math suggests (28.0%).

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

$3.447 per $100 assessed

$2.168 Schools · 63% $0.290 County · 8% $0.989 Town · 29%

Step 5 · The bill

$9,796/yr
Public schools$6,161
Morris County$824
Town of Netcong$2,811
Netcong average$9,163

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

Town median 54.9%
This home · 50.0%

40%85%

Paying about right

This home's ratio lands inside Netcong'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
5 MCMULLEN ST2025-12$525,0001,73253.3%
41 COLLEGE RD2025-08$670,0001,81254.9%
90 KOCLAS DR2025-05$520,0001,48153.4%
79 WILTOP RD2025-10$567,8251,60851.5%
102 WILTOP RD2026-03$335,0001,86383.4%
45 STOLL ST2025-09$485,0001,68053.7%
5 DOGWOOD RD2026-05$460,0001,36863.3%
11 AMENDOLA DR2025-07$525,0002,23262.6%
31 DELL AVE2025-08$520,0001,73653.5%
23 LEDGEWOOD AVE2025-12$550,0001,83744.9%
1 TOGNO ST2025-04$535,0001,49563.3%
28 HILLSIDE AVE2026-06$500,0001,44048.0%

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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 →