The Fair Share Report
547 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 $398,434 – $496,458, from 12 comparable Roselle sales in the past 18 months, at this home's 1,018 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 $472,769 home should be assessed near $132,659.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,459 below what the ratio math suggests (25.2%).
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
14%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 |
|---|---|---|---|---|
| 1115 FRANK ST | 2025-12 | $400,000 | 1,022 | 31.1% |
| 130 GROVE ST | 2025-01 | $479,250 | 1,075 | 26.4% |
| 398 W 4TH AVE | 2025-05 | $475,000 | 974 | 27.1% |
| 118 W HIGHLAND PKWY | 2025-05 | $505,000 | 1,076 | 27.9% |
| 955 WALNUT ST | 2025-02 | $450,000 | 1,124 | 25.5% |
| 703 ELM ST | 2026-03 | $505,000 | 1,104 | 27.3% |
| 703 ELM ST | 2025-10 | $400,000 | 1,104 | 34.5% |
| 712 SHERIDAN AVE | 2025-04 | $300,000 | 1,116 | 40.7% |
| 916 SHERIDAN AVE | 2025-09 | $480,000 | 905 | 25.6% |
| 211 PINE ST | 2025-01 | $459,000 | 884 | 26.2% |
| 548 W 5TH AVE | 2025-06 | $605,000 | 944 | 21.5% |
| 904 THOMPSON AVE | 2025-09 | $425,000 | 894 | 24.3% |
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