The Fair Share Report
8 Ross Ave
Demarest, NJ 07624
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 $824,747 – $991,599, from 12 comparable Demarest sales in the past 18 months, at this home's 1,633 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 $876,244 home should be assessed near $888,599.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $102,699 below what the ratio math suggests (11.6%).
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%115%
Paying about right
This home's ratio lands inside Demarest'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 |
|---|---|---|---|---|
| 40 MEADOW ST | 2025-11 | $900,000 | 1,782 | 93.1% |
| 93 STELFOX ST | 2025-08 | $730,000 | 1,726 | 96.3% |
| 3 LOIS AVE | 2025-02 | $770,000 | 1,435 | 91.1% |
| 65 LENOX AVE | 2025-07 | $965,000 | 1,645 | 91.7% |
| 25 MEADOW ST | 2026-03 | $790,000 | 1,301 | 83.4% |
| 16 SUNSET RD | 2025-01 | $750,000 | 1,704 | 95.0% |
| 15 LOIS AVE | 2025-12 | $1,495,000 | 2,079 | 82.9% |
| 15 LOIS AVE | 2025-04 | $900,000 | 2,079 | 137.7% |
| 16 JOHN ST | 2025-12 | $1,175,000 | 1,750 | 78.9% |
| 52 EDWARD ST | 2026-04 | $1,100,000 | 1,845 | 92.9% |
| 32 HIGHLAND AVE | 2025-12 | $999,999 | 1,903 | 88.8% |
| 31 MADISON AVE | 2026-04 | $855,000 | 1,386 | 86.2% |
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