The Fair Share Report
10 Codington Pl
Somerville, NJ 07920
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 $830,136 – $1,179,113, from 12 comparable Somerville sales in the past 18 months, at this home's 4,595 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Somerville assessments sit below market value — republished every October, applied town-wide. A $943,574 home should be assessed near $554,822.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,222 below what the ratio math suggests (6.2%).
Step 4 · The tax rate — same for every Somerville home
$2.388 Schools · 59% $0.552 County · 14% $1.138 Town · 28%
Step 5 · The bill
This home vs. every recent Somerville sale · assessed ÷ market
34%73%
Paying about right
This home's ratio lands inside Somerville'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 |
|---|---|---|---|---|
| 35 GRANT AVENUE | 2026-06 | $505,000 | 5,165 | 61.0% |
| 459 E MAIN ST | 2025-11 | $640,000 | 3,890 | 53.6% |
| 41-43 WASHINGTON PL | 2025-05 | $850,000 | 3,355 | 48.9% |
| 68 MOUNTAIN AVE | 2025-07 | $550,000 | 2,605 | 61.7% |
| 149 W CLIFF ST | 2026-02 | $660,000 | 3,360 | 48.4% |
| 90-92 W CLIFF ST | 2025-02 | $500,000 | 2,758 | 61.4% |
| 128 W HIGH ST | 2025-07 | $820,000 | 3,347 | 43.2% |
| 34 STEELE AVE | 2025-12 | $699,000 | 2,724 | 60.5% |
| 331-333 WILLIAM ST | 2025-05 | $599,000 | 2,917 | 61.0% |
| 21 GRANT AVENUE | 2026-01 | $815,000 | 2,340 | 46.4% |
| 5 SEVILLE DR | 2025-06 | $745,000 | 2,204 | 52.2% |
| 185 E HIGH ST | 2026-06 | $740,000 | 2,434 | 47.4% |
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