The Fair Share Report
8 Arthur Ct
Demarest, NJ 07627
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 $1,321,655 – $1,618,987, from 12 comparable Demarest sales in the past 18 months, at this home's 3,025 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Demarest assessments sit below market value — republished every October, applied town-wide. A $1,470,055 home should be assessed near $1,490,783.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $235,017 above what the ratio math suggests (15.8%).
Step 4 · The tax rate — same for every Demarest home
$1.149 Schools · 64% $0.219 County · 12% $0.438 Town · 24%
Step 5 · The bill
This home vs. every recent Demarest sale · assessed ÷ market
74%136%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $4,242/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 22 MEADOW ST | 2025-06 | $1,320,000 | 3,249 | 94.4% |
| 424 PIERMONT RD | 2025-07 | $1,169,000 | 3,572 | 103.0% |
| 11 MARGARET CT | 2025-08 | $1,680,000 | 3,139 | 93.4% |
| 129 KNICKERBOCKER RD | 2025-12 | $1,175,000 | 2,600 | 93.7% |
| 337 HARDENBURGH AVE | 2026-04 | $2,850,000 | 4,216 | 90.5% |
| 8 COUNTRY CLUB WAY | 2025-11 | $2,300,000 | 4,226 | 103.2% |
| 8 COUNTRY CLUB WAY | 2025-06 | $2,150,000 | 4,226 | 110.4% |
| 85 LAKE RD | 2025-02 | $1,200,000 | 2,321 | 85.7% |
| 9 HERITAGE CT | 2025-01 | $1,598,000 | 2,225 | 76.5% |
| 17 VAN HORN ST | 2025-08 | $1,205,000 | 2,758 | 90.9% |
| 151 SOUTH ST | 2025-05 | $1,950,000 | 4,034 | 101.4% |
| 103 NORTHWOOD AVE | 2025-11 | $1,055,000 | 2,495 | 102.0% |
Is this your house?
Run your own report →