The Fair Share Report
9 Lerro Rd
Oldmans, NJ 08067
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 $120,000 – $270,000, from 9 comparable Oldmans sales in the past 18 months.
Step 2 · The Director's Ratio
The state's official measure of how far Oldmans assessments sit below market value — republished every October, applied town-wide. A $246,000 home should be assessed near $198,497.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $32,497 below what the ratio math suggests (16.4%).
Step 4 · The tax rate — same for every Oldmans home
$1.223 Schools · 45% $1.279 County · 47% $0.197 Town · 7%
Step 5 · The bill
This home vs. every recent Oldmans sale · assessed ÷ market
43%144%
Paying about right
This home's ratio lands inside Oldmans'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 |
|---|---|---|---|---|
| 63 PORCUPINE RD | 2025-03 | $240,000 | 1,166 | 62.5% |
| 110 N RAILROAD AVE | 2025-09 | $120,000 | 1,248 | 102.3% |
| 1 DONNA DR | 2026-06 | $246,000 | 936 | 46.8% |
| 6 PORCUPINE RD | 2026-04 | $270,000 | 1,344 | 59.7% |
| 19 DONNA DR | 2025-03 | $120,000 | 1,131 | 108.8% |
| 123 PENNSVL-PEDRICKTN RD | 2026-05 | $266,000 | 896 | 40.2% |
| 342 STRAUGHNS MILL RD | 2025-10 | $159,000 | 1,668 | 113.3% |
| 93 PENNSVL-PEDRICKTN RD | 2025-08 | $324,000 | 1,496 | 66.0% |
| 34 MAIN ST AUBURN | 2025-12 | $293,480 | 2,134 | 60.9% |
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