The Fair Share Report
745 Third Ave
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 $981,990 – $1,514,409, 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 $1,175,625 home should be assessed near $852,093.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $135,093 below what the ratio math suggests (15.9%).
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
42%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 |
|---|---|---|---|---|
| 121 GREENE PL | 2026-03 | $1,400,000 | 2,114 | 50.4% |
| 506 CODDING RD | 2026-06 | $1,605,000 | 2,320 | 52.9% |
| 19 TRAILS END COURT | 2025-09 | $920,000 | 2,382 | 81.8% |
| 109 CEDAR ST | 2025-05 | $1,315,000 | 2,002 | 54.5% |
| 310 PROSPECT ST | 2025-09 | $1,050,000 | 2,318 | 80.7% |
| 301 JOHN ST | 2026-06 | $1,050,000 | 2,272 | 51.5% |
| 130 BOYNTON CT | 2026-03 | $1,415,000 | 2,270 | 56.6% |
| 109 PALSTED AVE | 2025-01 | $951,109 | 2,063 | 64.2% |
| 710 WARREN ST | 2025-04 | $1,375,000 | 2,098 | 46.1% |
| 1316 OVERHILL ST | 2025-08 | $1,417,000 | 2,513 | 55.9% |
| 1109 RIPLEY AVE | 2025-06 | $950,000 | 2,022 | 57.6% |
| 821 GRANT AVE | 2025-07 | $1,425,000 | 2,680 | 62.0% |
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