The Fair Share Report
702 E Broad St
Westfield, NJ 07090
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 $1,177,219 – $1,672,357, from 12 comparable Westfield 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 Westfield assessments sit below market value — republished every October, applied town-wide. A $1,356,903 home should be assessed near $983,483.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $165,183 below what the ratio math suggests (16.8%).
Step 4 · The tax rate — same for every Westfield home
$1.428 Schools · 62% $0.455 County · 20% $0.409 Town · 18%
Westfield also levies a Special Improvement District charge inside its district boundaries — the county roll doesn't say which homes are in it, but a bill's "IMPROVEMENT DISTRICT" line does. District homes pay $2.396 per $100 all-in (+$0.105).
Step 5 · The bill
This home vs. every recent Westfield sale · assessed ÷ market
43%89%
Paying about right
This home's ratio lands inside Westfield'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 |
|---|---|---|---|---|
| 410 LENOX AVE | 2025-10 | $1,510,000 | 2,617 | 52.4% |
| 137 HARRISON AVE | 2025-03 | $1,670,000 | 2,792 | 50.9% |
| 427 BOULEVARD | 2025-06 | $1,300,000 | 2,862 | 60.1% |
| 504 MOUNTAIN AVE | 2025-07 | $1,300,000 | 2,769 | 56.6% |
| 422 KIMBALL AVE | 2026-06 | $2,085,000 | 3,017 | 48.1% |
| 303 PROSPECT ST | 2025-12 | $1,570,000 | 3,087 | 62.1% |
| 527 LENOX AVE | 2026-03 | $950,000 | 2,879 | 82.5% |
| 303 HARRISON AVE | 2025-07 | $1,490,000 | 2,659 | 54.9% |
| 733 SUMMIT AVE | 2026-04 | $1,999,999 | 2,994 | 47.7% |
| 520 MOUNTAIN AVE | 2025-08 | $1,125,000 | 2,438 | 60.1% |
| 424 ST MARKS AVE | 2026-06 | $1,049,000 | 2,550 | 65.6% |
| 808 GRANT AVE | 2026-05 | $1,475,000 | 2,442 | 53.4% |
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