The Fair Share Report
69 E Main St
Mendham, NJ 07945
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 $511,819 – $805,259, from 12 comparable Mendham 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 Mendham assessments sit below market value — republished every October, applied town-wide. A $677,295 home should be assessed near $486,366.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $146,366 below what the ratio math suggests (30.1%).
Step 4 · The tax rate — same for every Mendham home
$1.661 Schools · 66% $0.302 County · 12% $0.563 Town · 22%
Step 5 · The bill
This home vs. every recent Mendham sale · assessed ÷ market
37%88%
Paying about right
This home's ratio lands inside Mendham's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 5 COUNTRY LN | 2025-08 | $750,000 | 1,238 | 60.2% |
| 6 EMERY AVE | 2025-07 | $575,000 | 1,547 | 66.8% |
| 10 EMERY AVE | 2025-11 | $656,000 | 942 | 58.9% |
| 2 ASTER TER | 2026-06 | $750,000 | 1,160 | 45.3% |
| 40 MOUNTAIN AVE | 2026-04 | $610,000 | 1,386 | 69.8% |
| 3 BIRCH ST | 2026-02 | $999,000 | 1,372 | 46.1% |
| 5 MAPLE AVE | 2025-10 | $769,000 | 1,402 | 53.3% |
| 49 W MAIN ST | 2025-07 | $699,000 | 1,256 | 53.8% |
| 72 E MAIN ST | 2025-06 | $725,000 | 1,621 | 53.2% |
| 81 MOUNTAIN AVE | 2026-06 | $785,000 | 1,768 | 53.7% |
| 9 FLORIE FARM RD | 2025-03 | $1,112,000 | 1,824 | 51.8% |
| 120 MOUNTAINSIDE RD | 2026-01 | $835,000 | 1,092 | 57.8% |
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