The Fair Share Report
10 Laura Ave
Downe, NJ 08321
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 $162,000 – $345,000, from 8 comparable Downe sales in the past 18 months, at this home's 1,100 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Downe assessments sit below market value — republished every October, applied town-wide. A $290,000 home should be assessed near $227,360.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $14,960 below what the ratio math suggests (6.6%).
Step 4 · The tax rate — same for every Downe home
$1.454 Schools · 50% $1.070 County · 37% $0.407 Town · 14%
Step 5 · The bill
This home vs. every recent Downe sale · assessed ÷ market
31%137%
Paying about right
This home's ratio lands inside Downe'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 |
|---|---|---|---|---|
| 248 COVE RD | 2025-07 | $445,000 | 1,568 | 49.6% |
| 184 LANDING RD | 2025-12 | $256,000 | — | 53.4% |
| 212 NEW JERSEY AVE | 2026-03 | $345,000 | — | 57.5% |
| 256 COVE RD | 2025-06 | $290,000 | 864 | 97.5% |
| 234 MAIN ST | 2025-09 | $265,000 | — | 45.1% |
| 250 COVE RD | 2025-02 | $295,000 | 1,260 | 101.5% |
| 21 VASSAR AVE | 2026-06 | $162,000 | — | 52.0% |
| 615 OLD BEAVER DAM RD | 2025-01 | $105,000 | 1,110 | 150.1% |
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