The Fair Share Report

56 Windbeam Loop

Ringwood, NJ 07456

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.

Step 1 · Market value

≈ $507,622

Likely range $417,639 – $577,256, from 12 comparable Ringwood sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

57.24%

The state's official measure of how far Ringwood assessments sit below market value — republished every October, applied town-wide. A $507,622 home should be assessed near $290,563.

Step 3 · Assessed value

$243,600

Set at the last town-wide revaluation and mostly frozen since. That's $46,963 below what the ratio math suggests (16.2%).

Step 4 · The tax rate — same for every Ringwood home

$4.259 per $100 assessed

$2.546 Schools · 60% $0.780 County · 18% $0.933 Town · 22%

Step 5 · The bill

$10,375/yr
Public schools$6,202
Passaic County$1,900
Town of Ringwood$2,273
Ringwood average$12,925

This home vs. every recent Ringwood sale · assessed ÷ market

Town median 48.7%
This home · 48.0%

36%71%

Paying about right

This home's ratio lands inside Ringwood's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
24 OAKWOOD DR2025-09$480,0001,68048.0%
450 SKYLINE LAKES DR2026-03$408,0001,66060.7%
33 WILDWOOD TER2025-02$500,0001,59452.8%
239 SKYLINE LAKES DR2025-12$560,0001,49548.0%
20 LENAPE RD2025-05$575,0001,91848.7%
16 WILDWOOD TER2026-04$530,0001,40843.3%
50 SKYLINE LAKES DR2026-06$439,5001,88847.3%
129 SKYLINE LAKES DR2025-02$650,0001,53847.9%
48 BIRCH RD2025-10$610,0002,00242.2%
520 SKYLINE LAKES DR2025-09$451,0001,41852.1%
241 BUENA VISTA DR2025-10$475,0001,82654.4%
140 SKYLINE LAKES DR2026-05$450,0001,73652.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →