The Fair Share Report
503 Devonshire Dr
Mantua, NJ 08080
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 $281,302 – $344,027, from 12 comparable Mantua sales in the past 18 months, at this home's 1,152 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Mantua assessments sit below market value — republished every October, applied town-wide. A $312,954 home should be assessed near $267,044.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,044 below what the ratio math suggests (15.4%).
Step 4 · The tax rate — same for every Mantua home
$1.412 Schools · 56% $0.533 County · 21% $0.570 Town · 23%
Step 5 · The bill
This home vs. every recent Mantua sale · assessed ÷ market
60%104%
Paying about right
This home's ratio lands inside Mantua'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 |
|---|---|---|---|---|
| 15 WINSLOW RD | 2026-03 | $355,000 | 1,075 | 68.0% |
| 47 NEW JERSEY AVE | 2026-01 | $350,000 | 1,172 | 68.6% |
| 395 MONTGOMERY DR | 2025-10 | $280,574 | 1,132 | 92.8% |
| 366 MADISON RD | 2025-09 | $357,000 | 1,204 | 74.9% |
| 652 SANTA FE DR | 2025-07 | $317,000 | 1,200 | 81.5% |
| 601 LESTERSHIRE DR | 2025-09 | $262,500 | 1,075 | 86.3% |
| 501 DEVONSHIRE DR | 2026-02 | $390,000 | — | 78.6% |
| 270 LANSING DR | 2026-06 | $320,000 | 1,248 | 71.0% |
| 284 COLUMBUS DR | 2026-03 | $354,900 | 1,248 | 72.6% |
| 140 E CUMBERLAND AVE | 2025-11 | $310,700 | 1,034 | 63.6% |
| 643 BISMARCK AVE | 2025-04 | $271,000 | 1,248 | 91.7% |
| 244 SHADOW PL | 2025-12 | $365,000 | 1,056 | 69.0% |
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