The Fair Share Report
61 Second St
Mount Olive, NJ 07828
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 $878,802 – $964,818, from 12 comparable Mount Olive sales in the past 18 months, at this home's 3,159 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Mount Olive assessments sit below market value — republished every October, applied town-wide. A $949,174 home should be assessed near $627,594.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $164,194 below what the ratio math suggests (26.2%).
Step 4 · The tax rate — same for every Mount Olive home
$2.310 Schools · 69% $0.345 County · 10% $0.711 Town · 21%
Step 5 · The bill
This home vs. every recent Mount Olive sale · assessed ÷ market
37%82%
Paying about right
This home's ratio lands inside Mount Olive'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 |
|---|---|---|---|---|
| 6 AUGIE PL | 2025-06 | $992,000 | 3,248 | 51.7% |
| 15 MCKELVIE ST | 2025-10 | $775,000 | 3,096 | 60.2% |
| 7 VIRGIL LANE | 2025-12 | $985,000 | 3,099 | 51.1% |
| 16 GORDON WAY | 2025-09 | $990,000 | 3,184 | 52.7% |
| 6 MAGESTRO CT | 2025-06 | $999,999 | 3,306 | 52.7% |
| 34 ELIAS DR | 2025-10 | $1,030,000 | 3,428 | 53.7% |
| 34 ELIAS DR | 2025-03 | $1,030,000 | 3,428 | 53.7% |
| 10 SALMON CT | 2026-01 | $915,000 | 2,905 | 52.4% |
| 58 ELIAS DR | 2025-08 | $1,030,000 | 3,546 | 54.0% |
| 84 DRAKE WAY | 2026-01 | $985,000 | 3,250 | 53.1% |
| 7 GEORGE ST | 2025-06 | $990,000 | 3,535 | 54.3% |
| 15 SALMON CT | 2026-01 | $809,000 | 2,910 | 57.7% |
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