The Fair Share Report
7 Bruce Pl
Rumson, NJ 07760
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 $913,463 – $1,124,553, from 12 comparable Rumson sales in the past 18 months, at this home's 1,228 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Rumson assessments sit below market value — republished every October, applied town-wide. A $1,038,997 home should be assessed near $1,004,710.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,400,990 above what the ratio math suggests (139.4%).
Step 4 · The tax rate — same for every Rumson home
$0.594 Schools · 57% $0.210 County · 20% $0.245 Town · 23%
This home's own bill implies $0.924 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Rumson sale · assessed ÷ market
72%269%
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 $14,696/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 6 THIRD ST. | 2026-04 | $909,000 | 1,222 | 108.1% |
| 30 GRANT AVENUE | 2026-04 | $995,000 | 1,176 | 98.3% |
| 21 LINCOLN AVE. | 2026-04 | $1,113,000 | 1,161 | 89.5% |
| 12 PARMLY ST. | 2026-04 | $900,000 | 1,147 | 102.4% |
| 9 FORREST AVE. | 2026-06 | $975,000 | 1,129 | 92.0% |
| 5 OAKWOOD LANE | 2025-04 | $1,200,000 | 1,360 | 82.7% |
| 4 MAPLE AVENUE | 2025-01 | $1,100,000 | 1,380 | 105.3% |
| 14 CHURCH ST. | 2026-04 | $1,500,000 | 1,390 | 78.5% |
| 66 LAFAYETTE ST. | 2025-06 | $999,999 | 1,400 | 106.8% |
| 58 AVE OF TWO RIVERS | 2026-05 | $950,000 | 1,434 | 110.2% |
| 1 ROSALIE AVE. | 2026-04 | $1,250,000 | 1,444 | 82.5% |
| 1 ROSALIE AVE. | 2026-03 | $999,999 | 1,444 | 103.1% |
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