The Fair Share Report
9 E Elbrook Dr
Allendale, NJ 07401
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 Allendale's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $974,360 – $1,390,328, from 12 comparable Allendale 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 Allendale assessments sit below market value — republished every October, applied town-wide. A $1,159,192 home should be assessed near $986,588.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $343,712 above what the ratio math suggests (34.8%).
Step 4 · The tax rate — same for every Allendale home
$1.271 Schools · 63% $0.240 County · 12% $0.518 Town · 26%
This home's own bill implies $1.648 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Allendale sale · assessed ÷ market
70%142%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 514 MARK RD | 2025-03 | $1,085,000 | 2,604 | 109.1% |
| 740 W CRESCENT AVE | 2025-03 | $920,000 | 3,160 | 104.0% |
| 118 GREEN WAY | 2026-02 | $1,310,000 | 2,664 | 92.0% |
| 28 LINDA DR | 2026-03 | $1,775,000 | 3,323 | 71.4% |
| 9 RIO VISTA DR. | 2025-01 | $849,000 | 2,542 | 96.4% |
| 19 FOX RUN | 2026-04 | $1,200,000 | 2,696 | 75.0% |
| 10 WILTON DR | 2025-03 | $1,550,000 | 3,514 | 80.2% |
| 356 E ALLENDALE AVE | 2026-01 | $855,000 | 1,982 | 89.6% |
| 111 E ALLENDALE AVE | 2026-03 | $925,000 | 1,806 | 78.8% |
| 89 CHESTNUT ST | 2025-01 | $802,000 | 2,254 | 102.3% |
| 31 GLORIA DR | 2025-01 | $1,300,000 | 3,375 | 129.6% |
| 24 SCOTT CT | 2026-01 | $1,425,000 | 3,252 | 82.8% |
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