The Fair Share Report
7 Patrick Ct
Mount Olive, NJ 07828
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 $629,764 – $790,315, from 12 comparable Mount Olive 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 Mount Olive assessments sit below market value — republished every October, applied town-wide. A $740,163 home should be assessed near $489,396.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $73,896 below what the ratio math suggests (15.1%).
Step 4 · The tax rate — same for every Mount Olive home
$2.310 Schools · 69% $0.345 County · 10% $0.711 Town · 21%
Step 5 · The bill
This home vs. every recent Mount Olive sale · assessed ÷ market
37%82%
Paying about right
This home's ratio lands inside Mount Olive'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 |
|---|---|---|---|---|
| 80 LOZIER RD | 2025-02 | $580,000 | 2,408 | 52.3% |
| 68 STEPHENS PARK RD | 2026-02 | $685,000 | 2,277 | 46.3% |
| 10 TRACEY LN | 2025-07 | $725,000 | 2,808 | 62.5% |
| 139 FLANDERS-NETCONG RD | 2026-01 | $675,000 | 2,604 | 67.3% |
| 79 LOZIER RD | 2025-07 | $577,500 | 1,942 | 53.0% |
| 37 CANTERBURY CT | 2025-08 | $661,000 | 2,445 | 56.4% |
| 19 BENNINGTON DR | 2025-08 | $781,000 | 2,478 | 48.1% |
| 120 ROUTE 206 | 2025-11 | $560,000 | 2,300 | 58.6% |
| 164 RIVER RD | 2026-01 | $765,000 | 2,556 | 50.8% |
| 39 COREY RD | 2026-06 | $830,000 | 2,464 | 41.5% |
| 37 ST JOHNS RD | 2025-11 | $710,000 | 2,246 | 48.4% |
| 3 KERRY PL | 2026-06 | $910,000 | 2,464 | 43.9% |
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