The Fair Share Report
7 Erickson Ave
Helmetta, NJ 08828
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 $386,450 – $449,130, from 12 comparable Helmetta 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 Helmetta assessments sit below market value — republished every October, applied town-wide. A $423,456 home should be assessed near $235,018.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,682 above what the ratio math suggests (0.7%).
Step 4 · The tax rate — same for every Helmetta home
$2.120 Schools · 60% $0.601 County · 17% $0.836 Town · 24%
Step 5 · The bill
This home vs. every recent Helmetta sale · assessed ÷ market
36%69%
Paying about right
This home's ratio lands inside Helmetta'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 |
|---|---|---|---|---|
| 4 HOLLY MANOR COURT | 2025-08 | $445,000 | 1,391 | 47.2% |
| 1305 STONERIDGE CIR. | 2026-05 | $360,000 | 1,198 | 39.8% |
| 312 RAINTREE CT. | 2026-04 | $332,000 | 1,198 | 43.2% |
| 1109 STONERIDGE CIR. | 2025-11 | $315,000 | 1,198 | 45.5% |
| 303 RAINTREE CT. | 2025-09 | $356,000 | 1,198 | 42.4% |
| 907 MEADOW COURT | 2025-08 | $318,500 | 1,198 | 45.0% |
| 2701 RIDGEFIELD CT. | 2025-08 | $365,000 | 1,198 | 43.2% |
| 2708 RIDGEFIELD CT. | 2025-06 | $325,000 | 1,198 | 44.1% |
| 1311 STONERIDGE CIR. | 2025-06 | $375,000 | 1,198 | 40.0% |
| 24 HOLLY HOUSE DRIVE | 2026-01 | $525,000 | 1,661 | 41.9% |
| 17 AVENUE A | 2025-01 | $470,000 | 1,104 | 42.1% |
| 1006 MEADOW CT. | 2026-03 | $295,000 | 1,039 | 42.9% |
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