The Fair Share Report
8 Eric Ct
Mount Olive, NJ 07836
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 $802,830 – $957,325, from 12 comparable Mount Olive 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 Mount Olive assessments sit below market value — republished every October, applied town-wide. A $904,241 home should be assessed near $597,884.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $90,684 below what the ratio math suggests (15.2%).
Step 4 · The tax rate — same for every Mount Olive home
$2.310 Schools · 69% $0.345 County · 10% $0.711 Town · 21%
Step 5 · The bill
This home vs. every recent Mount Olive sale · assessed ÷ market
37%82%
Paying about right
This home's ratio lands inside Mount Olive'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 |
|---|---|---|---|---|
| 5 DAVID PL | 2025-01 | $950,000 | 3,310 | 51.0% |
| 162 RIVER RD | 2026-02 | $710,000 | 3,042 | 57.3% |
| 1 ARROW CT | 2025-06 | $775,000 | 3,391 | 63.6% |
| 76 KEVIN DR | 2025-08 | $800,000 | 3,169 | 59.8% |
| 11 BRENDAN DR | 2025-12 | $932,000 | 3,595 | 56.6% |
| 41 WARWICK RD | 2025-06 | $970,000 | 3,133 | 53.0% |
| 5 TRACEY LN | 2026-05 | $1,205,000 | 3,522 | 45.4% |
| 36 INDIAN SPRING RD | 2025-08 | $800,000 | 3,556 | 60.0% |
| 5 BRENDAN DR | 2025-08 | $820,000 | 2,835 | 49.5% |
| 2 CARDINAL LN | 2025-11 | $750,000 | 3,016 | 64.6% |
| 4 VICTORIA DR | 2026-05 | $799,000 | 2,752 | 53.5% |
| 50 INDIAN SPRING RD | 2025-03 | $820,000 | 3,070 | 56.8% |
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