The Fair Share Report
507 First St
Oradell, NJ 07649
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 $1,026,548 – $1,191,965, from 12 comparable Oradell 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 Oradell assessments sit below market value — republished every October, applied town-wide. A $1,076,723 home should be assessed near $960,437.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $109,437 below what the ratio math suggests (11.4%).
Step 4 · The tax rate — same for every Oradell home
$1.353 Schools · 59% $0.237 County · 10% $0.705 Town · 31%
This home's own bill implies $2.189 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Oradell sale · assessed ÷ market
66%132%
Keep quiet and enjoy it
This home's assessment ratio sits below the Oradell pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 714 VILLAGE ROAD | 2025-03 | $865,000 | 2,381 | 126.2% |
| 787 SCHAEFER AVE | 2026-02 | $1,050,000 | 2,328 | 88.7% |
| 636 MARTIN AVE | 2025-02 | $1,450,000 | 2,332 | 84.9% |
| 487 FIRST ST | 2025-02 | $835,000 | 1,779 | 81.8% |
| 976 CORDES COURT | 2025-05 | $1,315,000 | 2,571 | 81.6% |
| 604 COOPER AVE | 2025-04 | $760,000 | 1,581 | 85.1% |
| 197 ELIZABETH STREET | 2025-05 | $750,000 | 1,500 | 97.0% |
| 862 BATTEL PLACE | 2025-03 | $1,325,000 | 3,004 | 92.0% |
| 684 IROQUOIS ST | 2025-02 | $1,473,800 | 2,910 | 74.8% |
| 766 ORADELL AVENUE | 2025-06 | $1,350,000 | 2,946 | 91.2% |
| 683 BRIARWOOD COURT | 2025-05 | $1,367,000 | 2,936 | 83.4% |
| 575 FLETCHER AVE | 2025-02 | $690,000 | 1,287 | 86.9% |
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