The Fair Share Report
51 Eric Dr
Howell, NJ 07731
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 $594,681 – $649,146, 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 $611,742 home should be assessed near $593,451.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,349 above what the ratio math suggests (5.8%).
Step 4 · The tax rate — same for every Howell home
$1.121 Schools · 68% $0.218 County · 13% $0.320 Town · 19%
This home's own bill implies $1.576 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Howell sale · assessed ÷ market
84%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 |
|---|---|---|---|---|
| 1 MENDON DRIVE | 2025-05 | $606,000 | 1,618 | 95.0% |
| 9 REGINA DRIVE | 2026-05 | $605,000 | 1,636 | 111.0% |
| 17 GARDEN WAY | 2025-04 | $625,000 | 1,650 | 100.0% |
| 3 CRIPPLE CREEK ROAD | 2025-04 | $630,000 | 1,581 | 100.2% |
| 18 EVERGREEN PLACE | 2025-05 | $580,000 | 1,588 | 59.4% |
| 11 TAMARACK STREET | 2025-05 | $586,000 | 1,566 | 99.7% |
| 9 PINYON STREET | 2025-03 | $575,000 | 1,639 | 101.2% |
| 7 REGINA DRIVE | 2026-06 | $623,000 | 1,596 | 105.9% |
| 50 MARC DRIVE | 2025-06 | $615,000 | 1,566 | 100.1% |
| 4 HEDGEWOOD ROAD | 2026-02 | $675,000 | 1,650 | 102.2% |
| 42 SWEET GUM ROAD | 2025-03 | $705,000 | 1,620 | 100.1% |
| 20 HEDGEWOOD ROAD | 2025-05 | $625,000 | 1,700 | 99.9% |
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