The Fair Share Report

7 Post Rd

Netcong, NJ 07857

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.

Step 1 · Market value

≈ $449,034

Likely range $390,446 – $555,826, from 12 comparable Netcong sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

69.53%

The state's official measure of how far Netcong assessments sit below market value — republished every October, applied town-wide. A $449,034 home should be assessed near $312,213.

Step 3 · Assessed value

$247,000

Set at the last town-wide revaluation and mostly frozen since. That's $65,213 below what the ratio math suggests (20.9%).

Step 4 · The tax rate — same for every Netcong home

$3.447 per $100 assessed

$2.168 Schools · 63% $0.290 County · 8% $0.989 Town · 29%

Step 5 · The bill

$8,514/yr
Public schools$5,355
Morris County$716
Town of Netcong$2,443
Netcong average$9,163

This home vs. every recent Netcong sale · assessed ÷ market

Town median 54.9%
This home · 55.0%

39%85%

Paying about right

This home's ratio lands inside Netcong's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
81 STOLL ST2025-11$450,0001,56753.5%
110-116 STOLL ST2025-12$850,0001,32062.5%
26 MAPLE AVE2026-02$335,0001,45269.4%
98 MAIN ST2025-12$525,0001,42242.9%
72 KOCLAS DR2025-05$335,0001,18672.1%
97 MAIN ST2025-09$380,0001,22246.2%
97-99 ALLEN ST2025-02$502,0001,52051.8%
33 LEDGEWOOD AVE2025-01$375,0001,34453.2%
49 ALLEN ST2026-06$442,5001,38457.3%
REAR COLLEGE RD2025-05$375,0001,53660.1%
15 NORTH ST2025-06$445,0001,17848.5%
13 BARONE ST2025-03$481,0001,10846.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →