The Fair Share Report
6 Cherry St
Hanover, NJ 07950
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 $751,226 – $885,069, from 12 comparable Hanover 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 Hanover assessments sit below market value — republished every October, applied town-wide. A $800,007 home should be assessed near $555,125.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $56,825 below what the ratio math suggests (10.2%).
Step 4 · The tax rate — same for every Hanover home
$1.207 Schools · 59% $0.314 County · 15% $0.529 Town · 26%
Step 5 · The bill
This home vs. every recent Hanover sale · assessed ÷ market
41%85%
Paying about right
This home's ratio lands inside Hanover'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 |
|---|---|---|---|---|
| 67 BRANFORD RD | 2025-10 | $710,000 | 2,066 | 62.4% |
| 39 DEERFIELD RD | 2026-06 | $721,000 | 2,092 | 53.0% |
| 39 LEFKE LN | 2025-12 | $700,000 | 2,160 | 54.5% |
| 9 KENNETH RD | 2025-09 | $710,000 | 2,130 | 55.4% |
| 19 KENNETH RD | 2025-11 | $850,000 | 2,180 | 46.9% |
| 8 SUNSET DR | 2025-08 | $840,000 | 2,122 | 50.0% |
| 13 SPRUCE ST | 2025-11 | $717,000 | 2,052 | 57.2% |
| 54 LOCUST DR | 2026-02 | $865,000 | 1,976 | 50.8% |
| 67 HENDRICKS DR | 2025-09 | $909,000 | 2,502 | 51.9% |
| 24 KATHRYN DR | 2025-05 | $888,000 | 2,379 | 55.4% |
| 41 COUNTRYWOOD DR | 2025-06 | $850,000 | 1,902 | 49.7% |
| 21 MANCHESTER DR | 2025-09 | $931,000 | 2,027 | 48.4% |
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