The Fair Share Report
705 S Blvd
Alpha, NJ 08865
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Good news — this home pays less than its share
Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.
Step 1 · Market value
Likely range $236,842 – $328,267, from 12 comparable Alpha sales in the past 18 months, at this home's 1,200 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Alpha assessments sit below market value — republished every October, applied town-wide. A $254,669 home should be assessed near $162,148.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,648 below what the ratio math suggests (32.5%).
Step 4 · The tax rate — same for every Alpha home
$1.754 Schools · 50% $0.758 County · 22% $0.973 Town · 28%
Step 5 · The bill
This home vs. every recent Alpha sale · assessed ÷ market
28%92%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 737 NORTH BOULEVARD | 2025-09 | $250,000 | 1,178 | 46.5% |
| 1133 EAST BOULEVARD | 2025-08 | $210,000 | 1,064 | 45.2% |
| 1127 EAST BOULEVARD | 2025-04 | $210,000 | 1,064 | 43.5% |
| 230 EAST CENTRAL AVENUE | 2025-06 | $310,000 | 1,104 | 46.9% |
| 968 HOBSON STREET | 2025-06 | $301,000 | 1,470 | 59.5% |
| 1175 SIXTH AVENUE | 2025-06 | $270,000 | 987 | 50.9% |
| 782 HIGH STREET | 2025-06 | $345,000 | 1,586 | 68.2% |
| 785-795 HOBSON STREET | 2025-06 | $417,000 | 1,472 | 39.5% |
| 1027 THIRD AVENUE | 2025-07 | $150,000 | 1,536 | 115.9% |
| 205 SOMERSET STREET | 2025-09 | $310,000 | 1,080 | 50.6% |
| 1140 EAST BOULEVARD | 2025-11 | $442,500 | 1,856 | 30.0% |
| 227 ELLEN STREET | 2025-06 | $336,000 | 1,066 | 47.3% |
Is this your house?
Run your own report →