The Fair Share Report
7 Ruby Ln
East Hanover, NJ 07936
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 $518,000 – $600,000, from 12 comparable East Hanover sales in the past 18 months, at this home's 1,457 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far East Hanover assessments sit below market value — republished every October, applied town-wide. A $570,000 home should be assessed near $293,037.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,637 below what the ratio math suggests (13.5%).
Step 4 · The tax rate — same for every East Hanover home
$1.391 Schools · 52% $0.398 County · 15% $0.863 Town · 33%
Step 5 · The bill
This home vs. every recent East Hanover sale · assessed ÷ market
30%65%
Paying about right
This home's ratio lands inside East Hanover'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 |
|---|---|---|---|---|
| 31 DONNA DR | 2026-04 | $600,000 | 1,457 | 44.0% |
| 32 GINA CT | 2026-04 | $510,000 | 1,457 | 41.7% |
| REBECCA RD | 2026-02 | $570,000 | 1,457 | 37.3% |
| 15 DONNA DR | 2025-08 | $541,500 | 1,457 | 45.1% |
| 28 MILLIE LN | 2025-03 | $518,000 | 1,457 | 41.0% |
| 16 CLAIRE CT | 2026-01 | $560,000 | 1,277 | 36.0% |
| 18 DONNA DR | 2025-08 | $487,500 | 1,277 | 41.2% |
| 2 DONNA DR | 2025-06 | $499,000 | 1,277 | 40.4% |
| 5 JOSEPH DR | 2025-03 | $510,000 | 1,277 | 43.7% |
| 8 GINA CT | 2025-02 | $300,000 | 1,277 | 67.3% |
| 40 GRANT AVE | 2025-12 | $808,000 | 1,728 | 39.7% |
| 645 RIDGEDALE AVE UNIT 6 | 2025-10 | $485,000 | 1,200 | 48.5% |
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