The Fair Share Report
702 First Ave
Chesilhurst, NJ 08089
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 2 · The Director's Ratio
The state's official measure of how far Chesilhurst assessments sit below market value — republished every October, applied town-wide.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since.
Step 4 · The tax rate — same for every Chesilhurst home
$1.656 Schools · 35% $0.834 County · 18% $2.233 Town · 47%
Step 5 · The bill
The record, in full
Not enough closely-comparable recent sales in Chesilhurst for a fairness verdict — the town's current median assessment ratio is 53.9%.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 409 ELM AVENUE | 2025-10 | $398,000 | 1,040 | 41.7% |
| 222 ZIMMERMAN AVENUE | 2025-03 | $300,000 | 1,182 | 54.0% |
| 307 EDWARDS AVENUE | 2026-05 | $310,000 | 912 | 48.8% |
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