The Fair Share Report
129 Devon Rd
Somers Point, NJ 08244
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 $312,986 – $497,764, from 12 comparable Somers Point sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Somers Point assessments sit below market value — republished every October, applied town-wide. A $375,474 home should be assessed near $210,754.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,846 above what the ratio math suggests (4.2%).
Step 4 · The tax rate — same for every Somers Point home
$1.904 Schools · 51% $0.674 County · 18% $1.144 Town · 31%
Step 5 · The bill
This home vs. every recent Somers Point sale · assessed ÷ market
31%76%
Paying about right
This home's ratio lands inside Somers Point'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 |
|---|---|---|---|---|
| 5 HAVERFORD RD | 2024-12 | $375,000 | 1,583 | 48.5% |
| 100 COLWICK DR | 2025-07 | $295,000 | 1,586 | 83.1% |
| 101 HADDON RD | 2026-02 | $350,000 | 1,583 | 52.5% |
| 173 BALA DR | 2025-10 | $450,000 | 1,468 | 43.9% |
| 31 GULPH MILL RD | 2025-06 | $318,000 | 1,640 | 61.3% |
| 213 W WILMONT AVE | 2026-04 | $399,000 | 1,566 | 48.2% |
| 7 NASSAU RD | 2026-05 | $450,000 | 1,583 | 46.0% |
| 2 SOMERS AVE | 2025-09 | $578,000 | 1,547 | 39.0% |
| 12 VILLAGE DR | 2025-02 | $485,000 | 1,476 | 39.9% |
| 1009 MASSACHUSETTS AVE | 2025-09 | $295,000 | 1,442 | 65.3% |
| 19 VILLAGE DR | 2025-04 | $454,000 | 1,746 | 44.7% |
| 19 LAUREL DR SOUTH | 2025-10 | $449,000 | 1,496 | 44.3% |
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