The Fair Share Report
9 Plain St
Summit, NJ 07091
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 $725,275 – $1,114,943, from 12 comparable Summit sales in the past 18 months, at this home's 1,320 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Summit assessments sit below market value — republished every October, applied town-wide. A $881,252 home should be assessed near $271,514.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $371,286 above what the ratio math suggests (136.7%).
Step 4 · The tax rate — same for every Summit home
$2.335 Schools · 52% $1.092 County · 24% $1.043 Town · 23%
Summit also levies a Special Improvement District charge inside its district boundaries — the county roll doesn't say which homes are in it, but a bill's "IMPROVEMENT DISTRICT" line does. District homes pay $4.654 per $100 all-in (+$0.184).
Step 5 · The bill
This home vs. every recent Summit sale · assessed ÷ market
16%94%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (35.43%) — roughly $16,596/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 84 ASHWOOD AVE | 2026-02 | $940,000 | 1,340 | 22.7% |
| 14 EUCLID AVENUE UNIT 102 | 2026-06 | $1,600,000 | 1,662 | 24.0% |
| 32 LOCUST DR | 2025-12 | $1,350,000 | 1,260 | 21.5% |
| 31 BUTLER PKWY | 2025-12 | $890,599 | 1,334 | 24.6% |
| 78 GLENSIDE AVE | 2025-09 | $600,000 | 1,274 | 32.0% |
| 10 WOODFERN RD | 2025-04 | $990,000 | 1,414 | 29.7% |
| 1 EUCLID AVE APT 4-C | 2025-09 | $1,078,000 | 1,302 | 21.2% |
| 10 LEWIS AVE | 2025-12 | $695,100 | 1,384 | 24.9% |
| 127 BUTLER PKWY | 2026-02 | $890,599 | 1,398 | 24.3% |
| 34 CLARK ST | 2025-11 | $700,000 | 1,274 | 24.4% |
| 31 MIELE PL. | 2025-09 | $650,000 | 1,264 | 28.2% |
| 41 ASHLAND RD | 2025-05 | $1,250,088 | 1,480 | 23.1% |
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