The Fair Share Report
87 S St
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 $2,067,387 – $3,189,143, from 12 comparable Demarest sales in the past 18 months, at this home's 5,699 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 $2,265,253 home should be assessed near $2,297,193.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $287,507 above what the ratio math suggests (12.5%).
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%130%
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 |
|---|---|---|---|---|
| 3 PINE TERRACE | 2025-02 | $1,925,000 | 5,599 | 116.9% |
| 613 BELLAIRE DR | 2025-09 | $2,295,000 | 5,883 | 91.4% |
| 313 BELLAIRE DR | 2025-07 | $1,850,000 | 5,883 | 113.3% |
| 513 BELLAIRE DR | 2025-01 | $2,210,719 | 5,883 | 97.9% |
| 4 CAROL CT | 2025-07 | $2,950,000 | 5,381 | 95.3% |
| 511 BELLAIRE DR | 2025-11 | $2,400,000 | 6,038 | 94.6% |
| 214 BELLAIRE DR | 2025-05 | $2,027,500 | 6,038 | 109.1% |
| 48 MEADOW ST | 2025-03 | $3,600,000 | 5,652 | 103.7% |
| 373 HARDENBURGH AVE | 2025-05 | $4,998,000 | 6,397 | 83.0% |
| 28 MEADOW ST | 2026-04 | $2,999,999 | 5,361 | 92.6% |
| 236 HARDENBURGH AVE | 2025-02 | $2,800,000 | 5,192 | 95.3% |
| 436 PIERMONT RD | 2026-01 | $1,775,000 | 4,893 | 109.9% |
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