The Fair Share Report

92 Chadwick St

E Rutherford, NJ 07073

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

≈ $548,579

Likely range $439,865 – $573,018, from 12 comparable East Rutherford sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

102.14%

The state's official measure of how far East Rutherford assessments sit below market value — republished every October, applied town-wide. A $548,579 home should be assessed near $560,319.

Step 3 · Assessed value

$457,800

Set at the last town-wide revaluation and mostly frozen since. That's $102,519 below what the ratio math suggests (18.3%).

Step 4 · The tax rate — same for every East Rutherford home

$1.608 per $100 assessed

$0.926 Schools · 58% $0.236 County · 15% $0.446 Town · 28%

This home's own bill implies $1.547 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$7,084/yr
Public schools$4,080
Bergen County$1,040
Town of East Rutherford$1,965
East Rutherford average$8,179

This home vs. every recent East Rutherford sale · assessed ÷ market

Town median 82.8%
This home · 83.5%

70%110%

Paying about right

This home's ratio lands inside East Rutherford's normal band. The drift hasn't singled it out — no case for a tax appeal.

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

AddressSoldPriceSq ftRatio
275 LAUREL PL2025-05$670,0001,53484.1%
34 BOBBINK TERR2026-05$646,0001,38288.3%
104 RIVER RENAISSANCE2025-05$450,0001,24186.2%
132 UNION AVENUE #405A2026-05$560,0001,26782.9%
309 RIVER RENAISSANCE2025-02$505,0001,11679.8%
48 MCKENZIE AVE2025-05$688,0001,87683.7%
200 PATERSON AVE #1A2026-03$430,0001,10285.4%
11-B TRIUMPH CT2025-04$627,0001,60877.0%
95 ATKINS TERR2026-04$750,0002,07580.6%
828 PATERSON AVE2026-01$720,0002,04382.0%
115 PATERSON AVE2026-04$602,0001,74179.0%
96 PROSPECT TERR2026-02$655,0001,70987.9%

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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 →