The Fair Share Report
55 Prentice Ln
Mendham, NJ 07945
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 2 · The Director's Ratio
The state's official measure of how far Mendham assessments sit below market value — republished every October, applied town-wide.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since.
Step 4 · The tax rate — same for every Mendham home
$1.661 Schools · 66% $0.302 County · 12% $0.563 Town · 22%
Step 5 · The bill
The record, in full
Not enough closely-comparable recent sales in Mendham for a fairness verdict — the town's current median assessment ratio is 58.7%.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2 COUNTY LINE RD | 2025-07 | $765,000 | — | 66.2% |
| 4 COUNTY LINE RD | 2025-08 | $3,500,000 | 7,957 | 62.9% |
| 6 CROMWELL LN | 2026-06 | $2,320,000 | 7,770 | 73.3% |
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