The Fair Share Report
5 Ridge Rd
Stanhope, NJ 08088
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 $258,845 – $294,899, from 12 comparable Stanhope 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 Stanhope assessments sit below market value — republished every October, applied town-wide. A $276,748 home should be assessed near $153,152.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $162,648 above what the ratio math suggests (106.2%).
Step 4 · The tax rate — same for every Stanhope home
$2.600 Schools · 56% $0.686 County · 15% $1.373 Town · 29%
This home's own bill implies $1.985 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Stanhope sale · assessed ÷ market
78%127%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (63.64%) — roughly $7,578/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 15276 ASPEN CT | 2026-05 | $280,000 | 861 | 88.2% |
| 13244 DELL PL | 2026-05 | $274,000 | 861 | 81.7% |
| 13235 DELL PL | 2026-05 | $210,000 | 861 | 133.2% |
| 579 DELL PL | 2026-04 | $281,000 | 861 | 87.9% |
| 13242 DELL PL | 2026-03 | $260,000 | 861 | 95.0% |
| 16298 DELL PL | 2026-03 | $275,000 | 861 | 88.3% |
| 6106 AUDUBON CT | 2025-05 | $252,500 | 861 | 94.7% |
| 16297 DELL PL | 2025-05 | $325,000 | 861 | 88.3% |
| 575 DELL PL | 2025-05 | $285,000 | 861 | 90.4% |
| 581 DELL PL | 2025-02 | $285,000 | 861 | 90.4% |
| 189 STONEGATE LN | 2026-01 | $510,000 | 1,056 | 81.2% |
| 13228 DELL PL | 2026-01 | $265,000 | 861 | 88.8% |
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