The Fair Share Report
9 Second St
Oakland, NJ 07436
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 $562,856 – $695,681, from 12 comparable Oakland 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 Oakland assessments sit below market value — republished every October, applied town-wide. A $588,889 home should be assessed near $522,875.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,975 below what the ratio math suggests (5.4%).
Step 4 · The tax rate — same for every Oakland home
$1.397 Schools · 64% $0.235 County · 11% $0.553 Town · 25%
This home's own bill implies $1.958 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Oakland sale · assessed ÷ market
66%107%
Paying about right
This home's ratio lands inside Oakland'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 |
|---|---|---|---|---|
| 194 RAMAPO VALLEY RD | 2026-05 | $650,000 | 1,391 | 73.3% |
| 34 LAKESHORE DR | 2025-03 | $630,000 | 1,370 | 91.7% |
| 83 WALNUT ST | 2025-02 | $607,000 | 1,176 | 91.1% |
| 93 WALNUT ST | 2025-04 | $633,000 | 1,474 | 91.5% |
| 37 DEMAREST AVE | 2026-04 | $438,438 | 1,103 | 104.4% |
| 30 WALNUT ST | 2025-02 | $575,000 | 1,339 | 99.6% |
| 10 SECOND ST | 2026-04 | $490,000 | 1,200 | 99.0% |
| 106 WALNUT ST | 2026-05 | $635,000 | 1,144 | 86.1% |
| 22 BANNEHR ST | 2026-04 | $600,000 | 1,120 | 89.8% |
| 122 HIAWATHA BLVD | 2025-04 | $540,000 | 1,262 | 98.3% |
| 8 IROQUOIS AVE | 2026-04 | $659,900 | 1,288 | 86.1% |
| 53 PRINCETON TER | 2025-01 | $640,000 | 1,440 | 99.8% |
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