The Fair Share Report
508 Third Ave
Chesilhurst, NJ 08089
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 $187,686 – $265,422, from 6 comparable Chesilhurst 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 Chesilhurst assessments sit below market value — republished every October, applied town-wide. A $238,235 home should be assessed near $152,637.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,937 below what the ratio math suggests (10.4%).
Step 4 · The tax rate — same for every Chesilhurst home
$1.656 Schools · 35% $0.834 County · 18% $2.233 Town · 47%
Step 5 · The bill
This home vs. every recent Chesilhurst sale · assessed ÷ market
40%80%
Paying about right
This home's ratio lands inside Chesilhurst'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 |
|---|---|---|---|---|
| 222 ZIMMERMAN AVENUE | 2025-03 | $300,000 | 1,182 | 54.0% |
| 409 ELM AVENUE | 2025-10 | $398,000 | 1,040 | 41.7% |
| 214 CLEVELAND AVENUE | 2025-01 | $369,900 | 1,194 | 56.2% |
| 307 EDWARDS AVENUE | 2026-05 | $310,000 | 912 | 48.8% |
| 609 THIRD AVENUE | 2025-07 | $300,000 | 1,218 | 48.2% |
| 310 NELSON AVENUE | 2025-01 | $335,000 | 1,056 | 46.0% |
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