The Fair Share Report
731 Third St
Secaucus, NJ 07094
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.
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Step 1 · Market value
Likely range $726,309 – $1,209,182, from 12 comparable Secaucus 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 Secaucus assessments sit below market value — republished every October, applied town-wide. A $888,996 home should be assessed near $329,818.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,318 below what the ratio math suggests (3.4%).
Step 4 · The tax rate — same for every Secaucus home
$1.462 Schools · 34% $0.853 County · 20% $1.952 Town · 46%
Step 5 · The bill
This home vs. every recent Secaucus sale · assessed ÷ market
14%49%
Paying about right
This home's ratio lands inside Secaucus'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 |
|---|---|---|---|---|
| 15 LUHMANN TERRACE | 2025-08 | $700,000 | 2,880 | 25.8% |
| 72 CENTRAL LANE | 2025-12 | $995,000 | — | 10.5% |
| 711 SECOND STREET | 2025-02 | $342,801 | 3,192 | 51.9% |
| 3 RAYDOL AVENUE | 2025-08 | $795,000 | 2,605 | 33.5% |
| 306 LINCOLN AVENUE | 2025-05 | $909,000 | 3,184 | 26.2% |
| 14 ARN TERRACE | 2025-09 | $775,000 | 2,950 | 25.4% |
| 6 EDNA PLACE | 2025-04 | $1,210,000 | 2,839 | 22.6% |
| 187 PANDOLFI AVE | 2025-11 | $1,100,000 | 2,758 | 26.8% |
| 750 IRVING PLACE | 2026-03 | $900,000 | 2,315 | 21.6% |
| 825 EIGHTH STREET | 2025-10 | $850,000 | 2,884 | 23.9% |
| 70 SECOND AVENUE | 2026-01 | $850,000 | 2,986 | 32.9% |
| 714 SIXTH STREET | 2026-06 | $750,000 | 2,418 | 22.1% |
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