The Fair Share Report
5 River Rd
Byram, NJ 07874
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 $409,125 – $488,271, from 12 comparable Byram 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 Byram assessments sit below market value — republished every October, applied town-wide. A $462,340 home should be assessed near $268,712.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $17,812 below what the ratio math suggests (6.6%).
Step 4 · The tax rate — same for every Byram home
$2.312 Schools · 58% $0.673 County · 17% $1.033 Town · 26%
Step 5 · The bill
This home vs. every recent Byram sale · assessed ÷ market
36%72%
Paying about right
This home's ratio lands inside Byram's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 9 NEWTON AVE | 2026-04 | $515,000 | 1,411 | 51.3% |
| 18 CRANBERRY LEDGE RD | 2025-09 | $370,000 | 1,568 | 59.7% |
| 37 BROOKWOOD RD | 2025-07 | $525,000 | 1,684 | 45.4% |
| 23 TAMARACK RD | 2024-12 | $460,000 | 1,443 | 52.1% |
| 165 GLENSIDE TRAIL | 2026-04 | $415,000 | 1,379 | 50.3% |
| 19 HEMLOCK RD | 2025-07 | $395,000 | 1,548 | 53.2% |
| 32 BROAD AVE | 2025-07 | $470,000 | 1,534 | 47.0% |
| 133 ROSEVILLE RD | 2025-11 | $477,325 | 1,542 | 52.4% |
| 25 LOCKWOOD AVE | 2025-08 | $509,001 | 1,540 | 41.8% |
| 42 RIVER RD | 2025-01 | $455,000 | 1,568 | 51.3% |
| 153 FOREST LAKE DR | 2026-03 | $515,000 | 1,708 | 56.2% |
| 1 LEE HILL RD | 2025-09 | $560,000 | 1,744 | 45.6% |
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