The Fair Share Report
8 Second St
Mount Olive, NJ 07828
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Mount Olive's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $340,359 – $453,724, 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 $427,705 home should be assessed near $282,799.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $119,099 below what the ratio math suggests (42.1%).
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
31%82%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 24 FOREST RD | 2025-07 | $355,000 | 1,008 | 49.8% |
| 13 STONEWALD CT DR | 2026-06 | $447,000 | 1,092 | 47.0% |
| 6 NORTH RD | 2025-05 | $383,000 | 940 | 53.7% |
| 4 FIRST ST | 2025-12 | $275,000 | 840 | 62.3% |
| 29 FOREST RD | 2026-04 | $350,000 | 838 | 50.3% |
| 31 LOZIER RD | 2025-01 | $285,000 | 962 | 69.7% |
| 11 CHURCH ST | 2025-12 | $475,000 | 910 | 40.2% |
| 9 HATAKAWANNA TER | 2025-07 | $460,000 | 1,168 | 44.5% |
| 9 PROSPECT AVE | 2026-04 | $415,000 | 1,000 | 44.0% |
| 14 STONEWALD RD | 2026-02 | $415,000 | 836 | 41.0% |
| 32 OUTLOOK AVE | 2025-08 | $401,000 | 1,523 | 51.7% |
| 6 LAKEVIEW AVE | 2026-05 | $410,000 | 936 | 50.3% |
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