The Fair Share Report
66 County Rd
Demarest, NJ 07627
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 $1,755,110 – $2,179,596, from 12 comparable Demarest 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 Demarest assessments sit below market value — republished every October, applied town-wide. A $1,998,557 home should be assessed near $2,026,737.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $235,563 above what the ratio math suggests (11.6%).
Step 4 · The tax rate — same for every Demarest home
$1.149 Schools · 64% $0.219 County · 12% $0.438 Town · 24%
Step 5 · The bill
This home vs. every recent Demarest sale · assessed ÷ market
74%134%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $4,252/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 8 COUNTRY CLUB WAY | 2025-11 | $2,300,000 | 4,226 | 103.2% |
| 8 COUNTRY CLUB WAY | 2025-06 | $2,150,000 | 4,226 | 110.4% |
| 424 PIERMONT RD | 2025-07 | $1,169,000 | 3,572 | 103.0% |
| 337 HARDENBURGH AVE | 2026-04 | $2,850,000 | 4,216 | 90.5% |
| 151 SOUTH ST | 2025-05 | $1,950,000 | 4,034 | 101.4% |
| 6 LAUREN POND CT | 2025-11 | $2,650,000 | 5,074 | 103.4% |
| 6 STONE BRIDGE COURT | 2026-04 | $3,325,000 | 4,261 | 87.0% |
| 11 MARGARET CT | 2025-08 | $1,680,000 | 3,139 | 93.4% |
| 22 MEADOW ST | 2025-06 | $1,320,000 | 3,249 | 94.4% |
| 271 COUNTY RD | 2025-11 | $1,620,000 | 3,372 | 103.8% |
| 108 SERPENTINE RD | 2025-11 | $2,100,000 | 3,644 | 88.0% |
| 8 STONE BRIDGE COURT | 2026-05 | $3,325,000 | 4,471 | 79.2% |
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