The Fair Share Report
6 Second St
Chatham, NJ 07928
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 $1,308,009 – $1,878,358, from 12 comparable Chatham 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 Chatham assessments sit below market value — republished every October, applied town-wide. A $1,544,516 home should be assessed near $1,292,297.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,997 below what the ratio math suggests (5.2%).
Step 4 · The tax rate — same for every Chatham home
$1.081 Schools · 64% $0.266 County · 16% $0.354 Town · 21%
Step 5 · The bill
This home vs. every recent Chatham sale · assessed ÷ market
56%102%
Paying about right
This home's ratio lands inside Chatham'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 |
|---|---|---|---|---|
| 234 WASHINGTON AVE | 2025-10 | $1,801,100 | 2,368 | 63.3% |
| 29 RED RD | 2025-06 | $1,850,000 | 2,577 | 62.4% |
| 17 COLEMAN AVE W | 2025-12 | $1,380,800 | 2,571 | 84.5% |
| 65 S PASSAIC AVE | 2025-06 | $1,200,000 | 2,130 | 79.5% |
| 199 WASHINGTON AVE | 2025-07 | $1,825,000 | 2,376 | 66.4% |
| 112 WASHINGTON AVE | 2025-05 | $1,520,000 | 2,237 | 67.4% |
| 135 WESTON AVE | 2025-07 | $1,380,000 | 2,259 | 79.1% |
| 32 INWOOD RD | 2026-01 | $1,242,600 | 2,146 | 81.4% |
| 29 KIMBALL ST | 2025-06 | $1,400,000 | 2,433 | 78.0% |
| 73 GARDEN AVE | 2025-09 | $1,150,000 | 2,165 | 77.5% |
| 70 FAIRMOUNT AVE | 2025-07 | $1,550,000 | 2,360 | 62.8% |
| 86 FAIRMOUNT AVE | 2025-02 | $1,400,000 | 2,586 | 65.7% |
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