The Fair Share Report
524 Third Ave
Lyndhurst, NJ 07071
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 $482,906 – $582,532, from 12 comparable Lyndhurst 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 Lyndhurst assessments sit below market value — republished every October, applied town-wide. A $508,590 home should be assessed near $442,524.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,024 below what the ratio math suggests (12.0%).
Step 4 · The tax rate — same for every Lyndhurst home
$1.090 Schools · 49% $0.247 County · 11% $0.887 Town · 40%
This home's own bill implies $2.114 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Lyndhurst sale · assessed ÷ market
61%105%
Paying about right
This home's ratio lands inside Lyndhurst'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 |
|---|---|---|---|---|
| 207 POST AVE | 2025-03 | $500,000 | 1,306 | 93.6% |
| 520 RUTHERFORD AVE | 2026-05 | $453,000 | 1,177 | 84.9% |
| 520 OCTAVIA PL | 2025-04 | $680,000 | 1,132 | 68.2% |
| 501 LAKE AVE | 2025-01 | $535,000 | 1,337 | 85.3% |
| 219 COPELAND AVE | 2026-02 | $590,000 | 1,344 | 69.9% |
| 133 FOREST AVE | 2026-05 | $585,000 | 1,089 | 76.9% |
| 773 FIFTH ST | 2025-01 | $560,000 | 1,234 | 94.3% |
| 112 RUTHERFORD AVENUE | 2026-04 | $535,000 | 1,189 | 66.3% |
| 213 TONTINE AVE | 2025-04 | $325,000 | 1,074 | 123.6% |
| 186 TONTINE AVE | 2025-04 | $652,000 | 1,605 | 72.8% |
| 379 ROOSEVELT AVE | 2025-05 | $505,000 | 1,228 | 87.5% |
| 138 FERN AVE | 2026-02 | $585,000 | 1,465 | 86.4% |
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