The Fair Share Report

7 Allocco Dr

Holmdel, NJ 07733

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.

Step 1 · Market value

≈ $1,111,373

Likely range $1,017,171 – $1,503,188, from 12 comparable Holmdel sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

99.74%

The state's official measure of how far Holmdel assessments sit below market value — republished every October, applied town-wide. A $1,111,373 home should be assessed near $1,108,483.

Step 3 · Assessed value

$1,203,000

Set at the last town-wide revaluation and mostly frozen since. That's $94,517 above what the ratio math suggests (8.5%).

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

$1.538 per $100 assessed

$1.063 Schools · 69% $0.207 County · 13% $0.268 Town · 17%

This home's own bill implies $1.402 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$16,867/yr
Public schools$11,658
Monmouth County$2,270
Town of Holmdel$2,939
Holmdel average$15,894

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

Town median 97.7%
This home · 108.2%

75%124%

Paying about right

This home's ratio lands inside Holmdel's normal band. The drift hasn't singled it out — no case for a tax appeal.

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

AddressSoldPriceSq ftRatio
3 EMORY PLACE2025-04$1,063,0003,22399.0%
4 DOUGLAS DR2026-05$1,100,0003,09599.2%
10 HIDDEN HOLLOW TERR2025-04$1,100,0003,320100.7%
6 PARTRIDGE RUN2025-04$1,295,0002,83790.7%
3 GEORJEAN DRIVE2025-04$1,180,0003,48591.5%
2 DEERCREST DR2025-01$850,0002,721102.4%
9 LONGVIEW DRIVE2025-05$1,260,0002,721103.7%
10 GOLDSMITH DR2026-04$1,259,0562,72690.7%
6 BERKSHIRE COURT2025-04$1,150,0002,958101.0%
6 ARMAND COURT2025-04$991,5002,88296.3%
4 PADDOCK CT2025-05$1,350,5002,80287.6%
45 GALLOPING HILL CIRCLE2026-03$1,230,0003,818111.5%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →