The Fair Share Report
7 E Elbrook Dr
Allendale, NJ 07401
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 $719,603 – $1,076,629, from 12 comparable Allendale 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 Allendale assessments sit below market value — republished every October, applied town-wide. A $845,833 home should be assessed near $719,888.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $332,812 above what the ratio math suggests (46.2%).
Step 4 · The tax rate — same for every Allendale home
$1.271 Schools · 63% $0.240 County · 12% $0.518 Town · 26%
This home's own bill implies $1.610 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Allendale sale · assessed ÷ market
70%152%
A touch high — worth watching
This home's ratio sits above most of Allendale, but doesn't clear NJ's legal appeal line (97.88%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 356 E ALLENDALE AVE | 2026-01 | $855,000 | 1,982 | 89.6% |
| 111 E ALLENDALE AVE | 2026-03 | $925,000 | 1,806 | 78.8% |
| 13 E ELBROOK DR | 2025-06 | $1,300,000 | 1,576 | 79.0% |
| 75 CHEROKEE AVE | 2026-04 | $840,000 | 2,104 | 91.8% |
| 2 ALLISON COURT | 2026-02 | $689,900 | 1,692 | 83.9% |
| 514 MARK RD | 2025-03 | $1,085,000 | 2,604 | 109.1% |
| 703 WHITNEY LANE | 2025-04 | $751,000 | 2,045 | 96.7% |
| 89 CHESTNUT ST | 2025-01 | $802,000 | 2,254 | 102.3% |
| 34 HOMEWOOD AVE | 2026-03 | $640,000 | 2,120 | 100.3% |
| 86 ELM STREET | 2025-02 | $710,000 | 1,758 | 89.5% |
| 740 W CRESCENT AVE | 2025-03 | $920,000 | 3,160 | 104.0% |
| 118 GREEN WAY | 2026-02 | $1,310,000 | 2,664 | 92.0% |
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