The Fair Share Report
60 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 $702,910 – $840,000, 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 $795,000 home should be assessed near $510,152.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $143,752 below what the ratio math suggests (28.2%).
Step 4 · The tax rate — same for every Park Ridge home
$2.209 Schools · 66% $0.354 County · 11% $0.769 Town · 23%
This home's own bill implies $3.265 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Park Ridge sale · assessed ÷ market
38%79%
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 |
|---|---|---|---|---|
| 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% |
| 246 PARK AVENUE | 2025-09 | $822,000 | — | 44.9% |
| 3 NEER DRIVE | 2025-04 | $701,000 | — | 50.8% |
| 28 PINE DRIVE | 2025-06 | $885,000 | — | 53.3% |
| 15 WEST PARK AVE | 2025-12 | $763,000 | 1,435 | 44.9% |
| 235 SHAW PLACE | 2025-04 | $690,000 | — | 57.1% |
| 19 RIVERVALE RD | 2025-10 | $850,000 | — | 61.9% |
| 87 GREENBROOK PL | 2025-11 | $850,000 | — | 46.2% |
| 39 NO FIFTH ST | 2025-09 | $795,000 | 1,264 | 45.7% |
| 129 WARREN RD | 2025-10 | $840,000 | — | 46.2% |
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