The Fair Share Report
540 E 3rd Ave
Roselle, NJ 07203
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 $391,304 – $481,479, from 12 comparable Roselle sales in the past 18 months, at this home's 1,080 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Roselle assessments sit below market value — republished every October, applied town-wide. A $461,058 home should be assessed near $129,373.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,073 below what the ratio math suggests (33.3%).
Step 4 · The tax rate — same for every Roselle home
$3.297 Schools · 36% $1.177 County · 13% $4.673 Town · 51%
Step 5 · The bill
This home vs. every recent Roselle sale · assessed ÷ market
12%39%
Paying about right
This home's ratio lands inside Roselle'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 |
|---|---|---|---|---|
| 473 ROBINS ST | 2025-06 | $480,000 | 1,152 | 22.2% |
| 238 E 8TH AVE | 2026-05 | $476,000 | 1,115 | 19.4% |
| 712 SHERIDAN AVE | 2025-04 | $300,000 | 1,116 | 40.7% |
| 439 WHEATSHEAF RD | 2025-04 | $476,000 | 1,106 | 22.0% |
| 1115 FRANK ST | 2025-12 | $400,000 | 1,022 | 31.1% |
| 613 W 2ND AVE | 2025-04 | $375,000 | 1,224 | 30.7% |
| 626 MEADOW ST | 2025-08 | $428,600 | 958 | 22.1% |
| 572 W 9TH AVE | 2025-09 | $475,000 | 1,020 | 23.4% |
| 212 THOMPSON AVE | 2025-11 | $515,000 | 1,164 | 24.6% |
| 614 SHERIDAN AVE | 2025-05 | $485,000 | 1,129 | 32.2% |
| 130 GROVE ST | 2025-01 | $479,250 | 1,075 | 26.4% |
| 319 STOCKTON AVE | 2026-01 | $275,000 | 1,258 | 35.9% |
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