62 Walker Ave

Step 1 · Market value

Likely range $864,387 – $1,039,077, from 12 comparable Closter 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 Closter assessments sit below market value — republished every October, applied town-wide. A $977,603 home should be assessed near $841,521.

Step 3 · Assessed value

Set at the last town-wide revaluation and mostly frozen since. That's $51,179 above what the ratio math suggests (6.1%).

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

$1.285 Schools · 62% $0.239 County · 12% $0.547 Town · 26%

This home's own bill implies $1.911 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

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

66%109%

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