The Fair Share Report

79 Pine Dr

Emerson, NJ 07630

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.

Step 1 · Market value

≈ $629,776

Likely range $450,191 – $667,378, from 12 comparable Emerson sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

66.48%

The state's official measure of how far Emerson assessments sit below market value — republished every October, applied town-wide. A $629,776 home should be assessed near $418,675.

Step 3 · Assessed value

$288,100

Set at the last town-wide revaluation and mostly frozen since. That's $130,575 below what the ratio math suggests (31.2%).

Step 4 · The tax rate — same for every Emerson home

$3.419 per $100 assessed

$2.044 Schools · 60% $0.329 County · 10% $1.046 Town · 31%

Step 5 · The bill

$9,853/yr
Public schools$5,890
Bergen County$948
Town of Emerson$3,014
Emerson average$15,311

This home vs. every recent Emerson sale · assessed ÷ market

Town median 55.8%
This home · 45.7%

38%82%

Paying about right

This home's ratio lands inside Emerson's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
90 EMWOOD DR2026-05$685,0001,27646.3%
12 HOLLYWOOD AVE2026-03$500,0001,41468.6%
12 HOLLYWOOD AVE2026-01$350,0001,41498.0%
212 HASBROUCK AVE2025-09$710,0001,43557.7%
16 SULLIVAN AVE2025-09$675,0001,25248.1%
73 SENECA AVE2026-04$650,0001,38249.8%
166 PALISADE AVE2025-05$682,0001,40359.0%
15 CREST RD2025-11$690,0001,48854.6%
32 PERSHING ST2025-07$630,0001,52862.9%
40 HAINES AVE2025-12$705,0001,48850.3%
16 VALLEY BROOK AVE2026-04$450,0001,56480.8%
44 PALISADE AVE2025-06$425,0001,21075.7%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →