The Fair Share Report
68 Hendricks Dr
Hanover, NJ 07950
The town catches up with market prices only once a year — and only on average. This report checks whether this house's assessment kept pace.
This home's full record →Check another house →
A touch high — but not appeal-worthy
Above most of Hanover, but below NJ's legal appeal line (79.80%), where a case becomes winnable.
Step 1 · Market value
Likely range $790,631 – $861,652, from 12 comparable Hanover 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 Hanover assessments sit below market value — republished every October, applied town-wide. A $837,260 home should be assessed near $580,975.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $59,375 below what the ratio math suggests (10.2%).
Step 4 · The tax rate — same for every Hanover home
$1.207 Schools · 59% $0.314 County · 15% $0.529 Town · 26%
Step 5 · The bill
This home vs. every recent Hanover sale · assessed ÷ market
41%85%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 4 HERITAGE LN | 2025-05 | $810,000 | 2,407 | 60.8% |
| 19 INDEPENDENCE DR | 2026-03 | $870,000 | 2,355 | 55.5% |
| 67 HENDRICKS DR | 2025-09 | $909,000 | 2,502 | 51.9% |
| 24 KATHRYN DR | 2025-05 | $888,000 | 2,379 | 55.4% |
| 7 MANCHESTER DR | 2026-04 | $825,000 | 2,288 | 58.0% |
| 16 SLOPE DR | 2025-12 | $920,500 | 2,558 | 55.8% |
| 13 SPRUCE ST | 2025-11 | $717,000 | 2,052 | 57.2% |
| 100 GRAND AVE | 2026-03 | $820,880 | 2,272 | 54.0% |
| 8 SUNSET DR | 2025-08 | $840,000 | 2,122 | 50.0% |
| 39 LEFKE LN | 2025-12 | $700,000 | 2,160 | 54.5% |
| 7 HERITAGE LN | 2025-11 | $830,000 | 2,662 | 62.8% |
| 23 HERITAGE LN | 2025-01 | $980,000 | 2,664 | 57.1% |
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