The Fair Share Report
134 Third St
Dunellen, NJ 08812
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 $330,424 – $468,816, from 12 comparable Dunellen 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 Dunellen assessments sit below market value — republished every October, applied town-wide. A $440,827 home should be assessed near $427,690.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,790 below what the ratio math suggests (7.9%).
Step 4 · The tax rate — same for every Dunellen home
$1.411 Schools · 58% $0.353 County · 14% $0.684 Town · 28%
Step 5 · The bill
This home vs. every recent Dunellen sale · assessed ÷ market
76%125%
Paying about right
This home's ratio lands inside Dunellen'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 |
|---|---|---|---|---|
| 400 WHITTIER AVE | 2026-02 | $512,000 | 1,000 | 98.5% |
| 51 KLINE PL | 2025-01 | $470,000 | 1,080 | 98.9% |
| 733 THIRD ST | 2026-05 | $475,000 | 1,112 | 96.6% |
| 500 SECOND ST | 2026-05 | $442,000 | 1,368 | 108.5% |
| 539 MOUNTAINVIEW TERR | 2026-02 | $500,000 | 1,111 | 96.7% |
| 641 NORTH AVE | 2025-01 | $370,000 | 988 | 100.0% |
| 364 S MADISON AVE | 2026-03 | $400,000 | 920 | 104.7% |
| 418 JACKSON AVE | 2025-01 | $470,000 | 896 | 98.9% |
| 210 SECOND ST | 2026-02 | $570,000 | 1,040 | 86.0% |
| 622 NO WASHINGTON AVE | 2025-04 | $429,000 | 1,289 | 97.9% |
| 250 WALNUT ST | 2025-01 | $450,000 | 1,284 | 98.9% |
| 117 PEARL PL | 2025-02 | $547,000 | 1,458 | 97.8% |
Is this your house?
Run your own report →