The Fair Share Report
58 Ormsay St
Park Ridge, NJ 07656
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 $733,000 – $1,050,000, from 12 comparable Park Ridge 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 Park Ridge assessments sit below market value — republished every October, applied town-wide. A $845,000 home should be assessed near $542,237.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $54,437 below what the ratio math suggests (10.0%).
Step 4 · The tax rate — same for every Park Ridge home
$2.209 Schools · 66% $0.354 County · 11% $0.769 Town · 23%
Step 5 · The bill
This home vs. every recent Park Ridge sale · assessed ÷ market
40%79%
Paying about right
This home's ratio lands inside Park Ridge'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 |
|---|---|---|---|---|
| 122 ROYAL DRIVE | 2025-09 | $850,000 | — | 61.0% |
| 217 ALBERON DRIVE | 2025-08 | $750,000 | — | 57.1% |
| 58 SO FIFTH ST | 2025-01 | $825,000 | — | 56.4% |
| 140 MIDLAND AVENUE | 2025-09 | $1,150,000 | — | 53.1% |
| 271 PARK AVENUE | 2025-10 | $700,000 | — | 57.7% |
| 1 KING RD | 2025-09 | $1,050,000 | — | 52.2% |
| 273 VITMAR PLACE | 2025-12 | $980,000 | — | 57.0% |
| 230 CAPRI TERRACE | 2025-10 | $845,000 | — | 49.0% |
| 244 CAPRI TERRACE | 2025-08 | $700,000 | — | 56.5% |
| 16 WINDSOR DRIVE | 2026-03 | $1,050,000 | 2,224 | 43.2% |
| 6 QUEEN COURT | 2025-11 | $920,000 | — | 54.9% |
| 65 LINDEN AVENUE | 2025-01 | $710,000 | — | 55.8% |
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