The Fair Share Report
631 E Central Ave
Alpha, NJ 08865
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 $121,271 – $215,280, from 10 comparable Alpha sales in the past 18 months, at this home's 683 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Alpha assessments sit below market value — republished every October, applied town-wide. A $162,619 home should be assessed near $103,540.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $121,260 above what the ratio math suggests (117.1%).
Step 4 · The tax rate — same for every Alpha home
$1.754 Schools · 50% $0.758 County · 22% $0.973 Town · 28%
Step 5 · The bill
This home vs. every recent Alpha sale · assessed ÷ market
38%191%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (73.22%) — roughly $4,225/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1526 WARREN STREET | 2025-04 | $125,000 | 704 | 58.6% |
| 1430 LIBERTY STREET | 2026-04 | $275,000 | 624 | 45.3% |
| 741 NORTH BOULEVARD | 2025-08 | $140,000 | 818 | 75.4% |
| 1175 SIXTH AVENUE | 2025-06 | $270,000 | 987 | 50.9% |
| 903 FOURTH AVENUE | 2026-05 | $360,000 | 988 | 44.9% |
| 1600 THIRD AVENUE | 2025-05 | $240,000 | 1,008 | 72.2% |
| 1133 EAST BOULEVARD | 2025-08 | $210,000 | 1,064 | 45.2% |
| 1127 EAST BOULEVARD | 2025-04 | $210,000 | 1,064 | 43.5% |
| 227 ELLEN STREET | 2025-06 | $336,000 | 1,066 | 47.3% |
| 205 SOMERSET STREET | 2025-09 | $310,000 | 1,080 | 50.6% |
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