The Fair Share Report
5 Sloop Sq
Howell, NJ 07728
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 $443,412 – $544,722, from 12 comparable Howell 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 Howell assessments sit below market value — republished every October, applied town-wide. A $480,306 home should be assessed near $465,945.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,145 below what the ratio math suggests (0.9%).
Step 4 · The tax rate — same for every Howell home
$1.121 Schools · 68% $0.218 County · 13% $0.320 Town · 19%
Step 5 · The bill
This home vs. every recent Howell sale · assessed ÷ market
79%111%
Paying about right
This home's ratio lands inside Howell'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 |
|---|---|---|---|---|
| 19 SLOOP SQUARE | 2026-02 | $480,000 | 1,570 | 93.4% |
| 7 FARRAGUT SQUARE | 2026-04 | $515,000 | 1,617 | 90.0% |
| 7 BREAKWATER SQUARE | 2025-05 | $471,000 | 1,617 | 99.9% |
| 35 SLOOP SQUARE | 2026-04 | $427,000 | 1,504 | 102.7% |
| 18 EVERGREEN PLACE | 2025-05 | $580,000 | 1,588 | 59.4% |
| 33 BLUE JAY COURT | 2026-02 | $350,000 | 1,585 | 95.2% |
| 549 LAURELWOOD COURT | 2026-02 | $495,000 | 1,680 | 99.7% |
| 535 LAURELWOOD COURT | 2025-03 | $415,000 | 1,680 | 96.7% |
| 27 LAUREL CREST DRIVE | 2025-06 | $510,000 | 1,487 | 98.8% |
| 68 PICKET PLACE | 2025-05 | $419,500 | 1,468 | 104.2% |
| 11 DECOY LANE | 2026-05 | $500,000 | 1,468 | 96.0% |
| 7 TRACEY COURT | 2026-05 | $435,000 | 1,320 | 110.3% |
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