The Fair Share Report

84 Union St

E Rutherford, NJ 07073

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 East Rutherford's normal range — market price changes haven't singled it out. No case for a tax appeal.

Step 1 · Market value

≈ $646,951

Likely range $601,428 – $769,471, from 12 comparable East Rutherford sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

102.14%

The state's official measure of how far East Rutherford assessments sit below market value — republished every October, applied town-wide. A $646,951 home should be assessed near $660,796.

Step 3 · Assessed value

$586,500

Set at the last town-wide revaluation and mostly frozen since. That's $74,296 below what the ratio math suggests (11.2%).

Step 4 · The tax rate — same for every East Rutherford home

$1.608 per $100 assessed

$0.926 Schools · 58% $0.236 County · 15% $0.446 Town · 28%

This home's own bill implies $1.550 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$9,089/yr
Public schools$5,234
Bergen County$1,334
Town of East Rutherford$2,521
East Rutherford average$8,179

This home vs. every recent East Rutherford sale · assessed ÷ market

Town median 82.8%
This home · 90.7%

70%105%

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

AddressSoldPriceSq ftRatio
275 LAUREL PL2025-05$670,0001,53484.1%
48 MCKENZIE AVE2025-05$688,0001,87683.7%
96 PROSPECT TERR2026-02$655,0001,70987.9%
7 EDISON PL2026-03$819,0001,82058.4%
34 BOBBINK TERR2026-05$646,0001,38288.3%
11-B TRIUMPH CT2025-04$627,0001,60877.0%
828 PATERSON AVE2026-01$720,0002,04382.0%
95 ATKINS TERR2026-04$750,0002,07580.6%
115 PATERSON AVE2026-04$602,0001,74179.0%
58 MOZART ST2026-06$658,0002,08482.8%
47 VREELAND AVE2025-06$764,0002,58073.2%
104 RIVER RENAISSANCE2025-05$450,0001,24186.2%

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