The Fair Share Report
51 Second St
Highlands, NJ 07760
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 $465,432 – $542,533, from 12 comparable Highlands 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 Highlands assessments sit below market value — republished every October, applied town-wide. A $507,407 home should be assessed near $501,420.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,120 below what the ratio math suggests (1.8%).
Step 4 · The tax rate — same for every Highlands home
$0.700 Schools · 41% $0.196 County · 11% $0.813 Town · 48%
This home's own bill implies $1.342 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Highlands sale · assessed ÷ market
76%115%
Paying about right
This home's ratio lands inside Highlands'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 |
|---|---|---|---|---|
| 203 SHORE DRIVE | 2026-01 | $499,900 | 1,140 | 79.4% |
| 134 LINDEN AVE | 2025-01 | $390,000 | 1,152 | 103.2% |
| 15 WATERWITCH AVENUE | 2025-04 | $590,000 | 1,254 | 108.1% |
| 69 FOURTH STREET | 2026-01 | $481,300 | 1,082 | 100.0% |
| 30 OCEAN AVENUE | 2025-05 | $600,000 | 1,242 | 100.0% |
| 25 BEACH BOULEVARD | 2026-01 | $620,000 | 1,080 | 99.8% |
| 51 MATTHEW STREET | 2026-01 | $425,000 | 918 | 100.9% |
| 11 CHEERFUL PLACE | 2026-04 | $825,000 | 1,227 | 67.4% |
| 11 CHEERFUL PLACE | 2025-04 | $600,000 | 1,227 | 92.7% |
| 251 BAY AVENUE | 2026-04 | $571,000 | 992 | 93.7% |
| 46 BARBARIE AVENUE | 2025-05 | $615,000 | 1,200 | 100.0% |
| 230 BAY AVENUE | 2026-04 | $360,000 | 1,134 | 115.7% |
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