The Fair Share Report
59 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 $325,000 – $822,000, 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 $702,910 home should be assessed near $451,057.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,557 below what the ratio math suggests (14.8%).
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%124%
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 |
|---|---|---|---|---|
| 149 NO MAPLE AVE | 2025-11 | $325,000 | — | 45.2% |
| 141 NO MAPLE AVE | 2025-09 | $340,000 | — | 43.2% |
| 89 NO MAPLE AVE | 2025-09 | $320,000 | — | 47.3% |
| 109 NO MAPLE AVE | 2025-06 | $230,300 | — | 63.8% |
| 246 PARK AVENUE | 2025-09 | $822,000 | — | 44.9% |
| 10 VILLA COURT | 2025-09 | $600,000 | — | 65.5% |
| 238 SPRING VALLEY | 2025-12 | $905,000 | — | 57.6% |
| 285 SPRING VALLEY | 2025-08 | $765,000 | — | 44.5% |
| 175 MORNINGSIDE AV | 2025-04 | $810,000 | — | 57.3% |
| 226 EMILY DRIVE | 2025-07 | $702,910 | — | 52.9% |
| 15 WEST PARK AVE | 2025-12 | $763,000 | 1,435 | 44.9% |
| 3 NEER DRIVE | 2025-04 | $701,000 | — | 50.8% |
Is this your house?
Run your own report →