The Fair Share Report
91 Mt Rascal Rd
Independence, NJ 07840
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 $348,884 – $797,420, from 8 comparable Independence 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 Independence assessments sit below market value — republished every October, applied town-wide. A $724,264 home should be assessed near $428,982.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,518 above what the ratio math suggests (0.4%).
Step 4 · The tax rate — same for every Independence home
$2.295 Schools · 60% $0.873 County · 23% $0.627 Town · 17%
This home's own bill implies $3.367 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Independence sale · assessed ÷ market
36%129%
A touch high — worth watching
This home's ratio sits above most of Independence, but doesn't clear NJ's legal appeal line (68.11%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 49 KETCHAM RD | 2026-03 | $655,500 | 3,520 | 57.5% |
| 8 RIDGE RD | 2025-09 | $382,000 | 2,739 | 73.5% |
| 98 ASBURY RD | 2025-09 | $415,000 | 4,268 | 77.1% |
| 98 ASBURY RD | 2025-03 | $325,000 | 4,268 | 98.4% |
| 6 ROSE LANE | 2026-01 | $735,000 | 2,742 | 52.8% |
| 3 RIDGE LANE | 2025-09 | $755,000 | 4,397 | 55.1% |
| 62 RUSSLING RD | 2025-06 | $405,000 | 2,352 | 72.8% |
| 43 VASSAR RD | 2025-10 | $700,000 | 2,666 | 49.3% |
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