The Fair Share Report
7 E Waterloo Rd
Byram, NJ 07874
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 $316,734 – $463,924, from 12 comparable Byram 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 Byram assessments sit below market value — republished every October, applied town-wide. A $421,531 home should be assessed near $244,994.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $61,394 below what the ratio math suggests (25.1%).
Step 4 · The tax rate — same for every Byram home
$2.312 Schools · 58% $0.673 County · 17% $1.033 Town · 26%
This home's own bill implies $3.883 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Byram sale · assessed ÷ market
34%72%
Paying about right
This home's ratio lands inside Byram'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 |
|---|---|---|---|---|
| 501 STANHOPE RD | 2025-06 | $440,000 | 1,094 | 49.3% |
| 31 BELTON ST | 2025-07 | $510,000 | 1,066 | 44.1% |
| 32 MT HEIGHTS DR | 2025-10 | $460,000 | 1,092 | 43.9% |
| 6 BEECH ST | 2025-05 | $347,000 | 1,060 | 54.3% |
| 2 SIDE HILL TRAIL | 2025-10 | $433,000 | 1,008 | 44.2% |
| 14 ACORN ST | 2025-02 | $390,000 | 966 | 48.1% |
| 314 RT 206 | 2025-04 | $200,000 | 960 | 78.3% |
| 34 ALLAMUCHY TRAIL | 2026-01 | $340,000 | 1,162 | 35.1% |
| 6 MAUGTAUG TRAIL | 2025-09 | $316,000 | 1,109 | 46.8% |
| 1 STRAWBERRY PT DR | 2026-05 | $175,000 | 1,026 | 76.2% |
| 6 KA-TON-AH TRAIL | 2025-08 | $235,000 | 1,027 | 55.4% |
| 50 SHERWOOD FOREST DR | 2025-02 | $460,000 | 1,196 | 49.9% |
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