The Fair Share Report

128 E Ave

Dennis, NJ 08270

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

≈ $335,335

Likely range $276,065 – $409,958, from 12 comparable Dennis sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

66.28%

The state's official measure of how far Dennis assessments sit below market value — republished every October, applied town-wide. A $335,335 home should be assessed near $222,260.

Step 3 · Assessed value

$137,600

Set at the last town-wide revaluation and mostly frozen since. That's $84,660 below what the ratio math suggests (38.1%).

Step 4 · The tax rate — same for every Dennis home

$2.145 per $100 assessed

$1.568 Schools · 73% $0.317 County · 15% $0.260 Town · 12%

Step 5 · The bill

$3,228/yr
Public schools$2,360
Cape May County$477
Town of Dennis$391
Dennis average$4,091

This home vs. every recent Dennis sale · assessed ÷ market

Town median 58.3%
This home · 41.0%

28%99%

Keep quiet and enjoy it

This home's assessment ratio sits below the Dennis pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

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

AddressSoldPriceSq ftRatio
45 OCEAN VIEW DR2025-02$200,0001,29683.7%
41 SUNNY LA2025-05$355,0001,29647.5%
14 CEDAR DR2025-02$335,0001,51658.3%
92 CEDAR DR2026-05$340,00096649.0%
155 CHESTNUT ST2026-05$382,0001,58047.3%
62 CEDAR DR2025-04$468,0001,29350.6%
7 MIRANDA LA2025-09$445,0001,42847.9%
21 RED CEDAR DR2025-10$365,00078252.4%
271 HANDS MILL RD2025-12$420,0001,53451.0%
125 GRAVEL HOLE RD2025-12$340,0001,53856.8%
73 DENNIS CREEK DR2026-06$435,0001,41652.7%
342 MAIN ST2025-04$425,0001,64053.1%

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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 →