The Fair Share Report
72 Eastern Way
Rutherford, NJ 07070
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 $549,249 – $711,048, from 12 comparable Rutherford 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 Rutherford assessments sit below market value — republished every October, applied town-wide. A $649,624 home should be assessed near $431,285.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $14,885 below what the ratio math suggests (3.5%).
Step 4 · The tax rate — same for every Rutherford home
$1.890 Schools · 59% $0.321 County · 10% $0.987 Town · 31%
Step 5 · The bill
This home vs. every recent Rutherford sale · assessed ÷ market
44%82%
Paying about right
This home's ratio lands inside Rutherford'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 |
|---|---|---|---|---|
| 326 MORTIMER AVE | 2025-09 | $660,000 | 1,633 | 58.0% |
| 73 CHESTNUT ST | 2025-05 | $500,000 | 1,867 | 76.0% |
| 11 CHESTNUT ST | 2025-11 | $585,000 | 1,564 | 65.7% |
| 103 SYLVAN ST | 2026-02 | $570,000 | 1,724 | 73.7% |
| 179 WASHINGTON AVE | 2025-02 | $650,000 | 1,728 | 68.1% |
| 149 SPRINGFIELD AVE | 2025-08 | $625,000 | 1,905 | 76.4% |
| 114 DANIEL AVE | 2025-09 | $650,000 | 1,558 | 75.3% |
| 351 PARK AVENUE | 2025-01 | $675,000 | 1,722 | 57.8% |
| 383 PARK AVENUE | 2026-06 | $765,000 | 1,732 | 47.5% |
| 41 VANDERBURGH AVE | 2026-03 | $530,000 | 2,055 | 73.1% |
| 64 BEECH ST | 2026-05 | $661,900 | 1,632 | 58.9% |
| 104 WASHINGTON AVE | 2025-07 | $625,000 | 2,001 | 71.9% |
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