The Fair Share Report

6 Brookside Rd

Netcong, NJ 07857

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

≈ $355,667

Likely range $340,105 – $431,422, from 12 comparable Netcong sales in the past 18 months, at this home's 1,012 sq ft.

Step 2 · The Director's Ratio

69.53%

The state's official measure of how far Netcong assessments sit below market value — republished every October, applied town-wide. A $355,667 home should be assessed near $247,295.

Step 3 · Assessed value

$244,100

Set at the last town-wide revaluation and mostly frozen since. That's $3,195 below what the ratio math suggests (1.3%).

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

$3.447 per $100 assessed

$2.168 Schools · 63% $0.290 County · 8% $0.989 Town · 29%

This home's own bill implies $3.345 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$8,164/yr
Public schools$5,135
Morris County$687
Town of Netcong$2,342
Netcong average$9,163

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

Town median 54.9%
This home · 68.6%

40%85%

Paying about right

This home's ratio lands inside Netcong'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
86 WILTOP RD2025-04$457,0001,07261.2%
23 HIGHLAND AVE2025-07$315,0001,24876.0%
5 LOCUST ST2025-08$450,0001,33955.3%
5 HILLSIDE AVE2025-09$465,0001,28853.4%
7 LOCUST ST2026-04$325,00072057.5%
103 CHURCH ST2025-09$350,0001,04351.3%
5 DOGWOOD RD2026-05$460,0001,36863.3%
60 ALLEN ST2025-03$369,0001,08855.4%
37 STOLL ST2025-09$405,00096044.6%
13 BARONE ST2025-03$481,0001,10846.0%
4 IKES LN2025-11$525,00098848.0%
28 HILLSIDE AVE2026-06$500,0001,44048.0%

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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 →