The Fair Share Report
9 Spring Ln
Stanhope, NJ 07874
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 $601,418 – $774,279, from 12 comparable Stanhope 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 Stanhope assessments sit below market value — republished every October, applied town-wide. A $683,802 home should be assessed near $378,416.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $393,184 above what the ratio math suggests (103.9%).
Step 4 · The tax rate — same for every Stanhope home
$2.600 Schools · 56% $0.686 County · 15% $1.373 Town · 29%
This home's own bill implies $2.253 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Stanhope sale · assessed ÷ market
78%134%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (63.64%) — roughly $18,318/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 9 LAWRENCE AVE | 2025-06 | $480,000 | 1,854 | 92.0% |
| 34 HIGHLAND AVE | 2025-06 | $567,000 | 1,674 | 90.7% |
| 6 HILL RD | 2025-02 | $503,000 | 1,842 | 98.2% |
| 8 SPENCER ST | 2026-05 | $718,000 | 2,386 | 93.0% |
| 14 KING ST | 2025-03 | $515,000 | 2,302 | 97.5% |
| 14 HILL RD | 2026-05 | $515,000 | 1,767 | 98.4% |
| 24 JAMES ST | 2026-01 | $450,000 | 1,492 | 103.9% |
| 22 KELLY PL | 2026-03 | $452,000 | 1,866 | 89.0% |
| 22 HIGHLAND AVE | 2026-01 | $350,000 | 1,210 | 98.3% |
| 55 MUSCONETCONG AVE | 2025-01 | $487,000 | 1,310 | 98.8% |
| 2 LENAPE DR | 2026-05 | $710,000 | 2,490 | 93.3% |
| 4 WOODS AVE | 2026-04 | $630,000 | 2,204 | 98.0% |
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