The Fair Share Report

129 Cedar La E

Dennis, NJ 08210

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

≈ $451,447

Likely range $298,926 – $661,322, 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 $451,447 home should be assessed near $299,219.

Step 3 · Assessed value

$320,700

Set at the last town-wide revaluation and mostly frozen since. That's $21,481 above what the ratio math suggests (7.2%).

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

$7,318/yr
Public schools$5,350
Cape May County$1,082
Town of Dennis$887
Dennis average$4,091

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

Town median 58.3%
This home · 71.0%

42%113%

Paying about right

This home's ratio lands inside Dennis'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
81 HOLLY GLEN LA2026-02$315,0002,53699.4%
42 ROBIN DR2025-04$449,0002,38557.9%
8 KELLY CT2026-06$559,0002,30358.4%
15 HALBE LA EAST2025-08$560,0002,14448.2%
176 S RAVENWOOD DR2026-05$700,0002,78654.5%
15 ELIZABETH LA2025-05$440,0003,01889.6%
15 DEVON CT2026-05$600,0002,00050.0%
238 FIDLER RD2026-01$300,0002,21865.3%
18 BUCKTHORN LANE2025-10$875,0003,02247.9%
7 MEADOW CREEK DR2025-03$415,0003,30078.5%
812 RT 472026-02$295,5002,41280.2%
331 MAIN ST2026-06$540,0001,92462.9%

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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 →