The Fair Share Report
6 Pine Dr
Roosevelt, NJ 08555
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 $365,000 – $450,000, from 5 comparable Roosevelt sales in the past 18 months.
Step 2 · The Director's Ratio
The state's official measure of how far Roosevelt assessments sit below market value — republished every October, applied town-wide. A $385,000 home should be assessed near $353,584.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,916 above what the ratio math suggests (2.5%).
Step 4 · The tax rate — same for every Roosevelt home
$1.462 Schools · 61% $0.222 County · 9% $0.700 Town · 29%
This home's own bill implies $1.897 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Roosevelt sale · assessed ÷ market
75%112%
Paying about right
This home's ratio lands inside Roosevelt'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 |
|---|---|---|---|---|
| 8 TAMARA DRIVE | 2025-04 | $385,000 | 1,516 | 97.3% |
| 12 HOMESTEAD LANE | 2026-03 | $450,000 | 3,748 | 104.4% |
| 21 HOMESTEAD LANE | 2026-02 | $375,000 | 1,884 | 103.8% |
| 21 HOMESTEAD LANE | 2025-02 | $365,000 | 1,884 | 106.7% |
| 17 LAKE DRIVE | 2025-04 | $745,000 | 3,520 | 98.0% |
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