The Fair Share Report
51 High St
E Rutherford, NJ 07073
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.
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Step 1 · Market value
Likely range $526,000 – $694,712, from 12 comparable East Rutherford 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 East Rutherford assessments sit below market value — republished every October, applied town-wide. A $584,096 home should be assessed near $596,596.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $63,996 below what the ratio math suggests (10.7%).
Step 4 · The tax rate — same for every East Rutherford home
$0.926 Schools · 58% $0.236 County · 15% $0.446 Town · 28%
Step 5 · The bill
This home vs. every recent East Rutherford sale · assessed ÷ market
70%107%
Paying about right
This home's ratio lands inside East Rutherford'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 |
|---|---|---|---|---|
| 58 MOZART ST | 2026-06 | $658,000 | 2,084 | 82.8% |
| 275 LAUREL PL | 2025-05 | $670,000 | 1,534 | 84.1% |
| 96 PROSPECT TERR | 2026-02 | $655,000 | 1,709 | 87.9% |
| 34 BOBBINK TERR | 2026-05 | $646,000 | 1,382 | 88.3% |
| 11-B TRIUMPH CT | 2025-04 | $627,000 | 1,608 | 77.0% |
| 48 MCKENZIE AVE | 2025-05 | $688,000 | 1,876 | 83.7% |
| 828 PATERSON AVE | 2026-01 | $720,000 | 2,043 | 82.0% |
| 132 UNION AVENUE #405A | 2026-05 | $560,000 | 1,267 | 82.9% |
| 101 CARLTON AVE | 2025-03 | $465,000 | 984 | 90.0% |
| 104 RIVER RENAISSANCE | 2025-05 | $450,000 | 1,241 | 86.2% |
| 95 ATKINS TERR | 2026-04 | $750,000 | 2,075 | 80.6% |
| 47 VREELAND AVE | 2025-06 | $764,000 | 2,580 | 73.2% |
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