The Fair Share Report
7 Halstead Rd
Mendham, NJ 07945
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 $764,242 – $1,010,414, from 12 comparable Mendham sales in the past 18 months, at this home's 1,901 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Mendham assessments sit below market value — republished every October, applied town-wide. A $844,053 home should be assessed near $606,114.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $156,914 below what the ratio math suggests (25.9%).
Step 4 · The tax rate — same for every Mendham home
$1.661 Schools · 66% $0.302 County · 12% $0.563 Town · 22%
Step 5 · The bill
This home vs. every recent Mendham sale · assessed ÷ market
39%88%
Paying about right
This home's ratio lands inside Mendham'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 |
|---|---|---|---|---|
| 200 MOUNTAINSIDE RD | 2026-01 | $900,000 | 1,796 | 52.5% |
| 200 MOUNTAINSIDE RD | 2025-10 | $645,000 | 1,796 | 73.3% |
| 81 MOUNTAIN AVE | 2026-06 | $785,000 | 1,768 | 53.7% |
| 12 STERLING AVE | 2025-07 | $940,000 | 1,968 | 45.9% |
| 4 GLENBROOK LN | 2025-04 | $840,000 | 2,045 | 66.3% |
| 89 TALMAGE RD | 2026-03 | $995,000 | 1,872 | 49.1% |
| 9 FLORIE FARM RD | 2025-03 | $1,112,000 | 1,824 | 51.8% |
| 5 HILLCREST AVE | 2025-07 | $915,000 | 2,276 | 53.7% |
| 41 FRANKLIN RD | 2026-04 | $1,250,000 | 2,228 | 44.9% |
| 63 MOUNTAIN AVE | 2026-05 | $900,000 | 1,800 | 54.6% |
| 5 MAPLE AVE | 2025-10 | $769,000 | 1,402 | 53.3% |
| 18 DEERFIELD RD | 2025-01 | $839,000 | 2,393 | 67.2% |
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