The Fair Share Report
7 Down St
Netcong, NJ 07852
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 $405,000 – $567,825, from 12 comparable Netcong sales in the past 18 months.
Step 2 · The Director's Ratio
The state's official measure of how far Netcong assessments sit below market value — republished every October, applied town-wide. A $460,000 home should be assessed near $319,838.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $194,138 below what the ratio math suggests (60.7%).
Step 4 · The tax rate — same for every Netcong home
$2.168 Schools · 63% $0.290 County · 8% $0.989 Town · 29%
Step 5 · The bill
This home vs. every recent Netcong sale · assessed ÷ market
17%85%
Keep quiet and enjoy it
This home's assessment ratio sits below the Netcong pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 41 COLLEGE RD | 2025-08 | $670,000 | 1,812 | 54.9% |
| 5 DOGWOOD RD | 2026-05 | $460,000 | 1,368 | 63.3% |
| 79 WILTOP RD | 2025-10 | $567,825 | 1,608 | 51.5% |
| 102 WILTOP RD | 2026-03 | $335,000 | 1,863 | 83.4% |
| 86 WILTOP RD | 2025-04 | $457,000 | 1,072 | 61.2% |
| 11 AMENDOLA DR | 2025-07 | $525,000 | 2,232 | 62.6% |
| 28 HILLSIDE AVE | 2026-06 | $500,000 | 1,440 | 48.0% |
| 5 MCMULLEN ST | 2025-12 | $525,000 | 1,732 | 53.3% |
| 1 TOGNO ST | 2025-04 | $535,000 | 1,495 | 63.3% |
| 7 LOCUST ST | 2026-04 | $325,000 | 720 | 57.5% |
| 23 HIGHLAND AVE | 2025-07 | $315,000 | 1,248 | 76.0% |
| 49 ALLEN ST | 2026-06 | $442,500 | 1,384 | 57.3% |
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