The Fair Share Report
57 Second St
Highlands, NJ 07732
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 $322,384 – $388,915, from 12 comparable Highlands 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 Highlands assessments sit below market value — republished every October, applied town-wide. A $373,449 home should be assessed near $369,042.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,458 above what the ratio math suggests (13.9%).
Step 4 · The tax rate — same for every Highlands home
$0.700 Schools · 41% $0.196 County · 11% $0.813 Town · 48%
This home's own bill implies $1.282 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Highlands sale · assessed ÷ market
76%136%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $879/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 51 MATTHEW STREET | 2026-01 | $425,000 | 918 | 100.9% |
| 329 SHORE DRIVE D-5 | 2025-01 | $320,000 | 876 | 93.6% |
| 134 LINDEN AVE | 2025-01 | $390,000 | 1,152 | 103.2% |
| 330 SHORE DRIVE B-7 | 2026-03 | $318,000 | 814 | 108.5% |
| WYNDMOOR UNIT E-20 | 2026-06 | $365,000 | 829 | 109.2% |
| 330 SHORE DRIVE E-2 | 2026-06 | $310,000 | 806 | 104.1% |
| 330 SHORE DRIVE A-8 | 2026-05 | $317,000 | 806 | 102.8% |
| 330 SHORE DRIVE A-11 | 2025-02 | $350,000 | 806 | 91.9% |
| 330 SHORE DRIVE B-23 | 2025-01 | $330,000 | 806 | 102.6% |
| WYNDMOOR UNIT E-16 | 2025-06 | $320,000 | 829 | 120.2% |
| 203 SHORE DRIVE | 2026-01 | $499,900 | 1,140 | 79.4% |
| 380 NAVESINK AVENUE | 2026-02 | $602,000 | 954 | 76.8% |
Is this your house?
Run your own report →