The Fair Share Report

616 Second Ave

Lyndhurst, NJ 07071

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.

Step 1 · Market value

≈ $595,411

Likely range $505,005 – $691,928, from 12 comparable Lyndhurst sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

87.01%

The state's official measure of how far Lyndhurst assessments sit below market value — republished every October, applied town-wide. A $595,411 home should be assessed near $518,067.

Step 3 · Assessed value

$499,900

Set at the last town-wide revaluation and mostly frozen since. That's $18,167 below what the ratio math suggests (3.5%).

Step 4 · The tax rate — same for every Lyndhurst home

$2.225 per $100 assessed

$1.090 Schools · 49% $0.247 County · 11% $0.887 Town · 40%

This home's own bill implies $2.114 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$10,569/yr
Public schools$5,180
Bergen County$1,174
Town of Lyndhurst$4,215
Lyndhurst average$11,540

This home vs. every recent Lyndhurst sale · assessed ÷ market

Town median 82.1%
This home · 84.0%

63%105%

Paying about right

This home's ratio lands inside Lyndhurst's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
9 KEARNEY ST2025-05$710,0001,62272.7%
775 CHASE AVE2026-03$505,0001,50793.9%
312 WEART AVE2025-01$474,2001,418105.5%
704 KINGSLAND AVE2026-02$750,0001,63270.3%
348 WILSON AVE2026-02$717,0001,50074.2%
529 FERN AVE2026-05$725,5001,63869.0%
186 TONTINE AVE2025-04$652,0001,60572.8%
28 KEARNEY ST2025-06$640,0001,66583.6%
493 ROOSEVELT AVENUE2025-04$575,0001,67589.3%
471 HARDING AVE2026-01$678,0001,89877.5%
36 KEARNEY ST2026-05$500,0001,65085.5%
501 LAKE AVE2025-01$535,0001,33785.3%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →