The Fair Share Report

9 Pine Rd

Allendale, NJ 07401

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.

Step 1 · Market value

≈ $1,298,662

Likely range $1,112,806 – $1,411,400, from 12 comparable Allendale sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

85.11%

The state's official measure of how far Allendale assessments sit below market value — republished every October, applied town-wide. A $1,298,662 home should be assessed near $1,105,291.

Step 3 · Assessed value

$1,462,300

Set at the last town-wide revaluation and mostly frozen since. That's $357,009 above what the ratio math suggests (32.3%).

Step 4 · The tax rate — same for every Allendale home

$2.030 per $100 assessed

$1.271 Schools · 63% $0.240 County · 12% $0.518 Town · 26%

This home's own bill implies $1.701 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$24,878/yr
Public schools$15,584
Bergen County$2,943
Town of Allendale$6,351
Allendale average$17,911

This home vs. every recent Allendale sale · assessed ÷ market

Town median 89.1%
This home · 112.6%

70%137%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (97.88%) — roughly $7,247/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
31 GLORIA DR2025-01$1,300,0003,375129.6%
118 GREEN WAY2026-02$1,310,0002,66492.0%
740 W CRESCENT AVE2025-03$920,0003,160104.0%
19 FOX RUN2026-04$1,200,0002,69675.0%
514 MARK RD2025-03$1,085,0002,604109.1%
9 RIO VISTA DR.2025-01$849,0002,54296.4%
10 WILTON DR2025-03$1,550,0003,51480.2%
8 NADLER COURT2025-03$2,405,0003,77690.0%
28 LINDA DR2026-03$1,775,0003,32371.4%
24 CAMBRIDGE DR2025-05$1,400,0003,79486.1%
89 CHESTNUT ST2025-01$802,0002,254102.3%
1 ACKERSON RD2025-01$1,175,0002,82284.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →