The Fair Share Report
551 Second 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 $880,239 – $1,086,314, 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 $966,439 home should be assessed near $840,899.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,299 below what the ratio math suggests (4.3%).
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 $2.101 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
63%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 |
|---|---|---|---|---|
| 433 CHASE AVE | 2026-05 | $945,000 | 2,576 | 78.2% |
| 748 SIXTH ST | 2026-01 | $1,130,000 | 3,143 | 89.0% |
| 631 SECOND AVE | 2026-05 | $840,000 | 2,653 | 77.9% |
| 135 JAY AVE | 2026-03 | $840,000 | 2,578 | 82.3% |
| 325 VALLEY BRK AVE | 2026-02 | $917,000 | 2,823 | 73.5% |
| 248 ORIENT WAY | 2025-01 | $1,399,000 | 3,374 | 85.4% |
| 505 FOREST AVE | 2025-03 | $875,000 | 2,488 | 90.0% |
| 228 ORIENT WAY | 2025-04 | $810,000 | 2,428 | 83.9% |
| 715 TYLER ST | 2026-04 | $880,000 | 2,262 | 66.9% |
| 401 STUYVESANT AVE | 2026-02 | $850,000 | 2,072 | 69.7% |
| 510 ANTHONY COURT | 2026-02 | $865,000 | 1,984 | 102.7% |
| 128A RIVERSIDE AVE | 2025-03 | $999,999 | 3,476 | 92.6% |
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