The Fair Share Report
14 Pine St
Dumont, NJ 07628
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Dumont's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $552,558 – $651,999, from 12 comparable Dumont 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 Dumont assessments sit below market value — republished every October, applied town-wide. A $596,478 home should be assessed near $568,503.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,003 below what the ratio math suggests (7.0%).
Step 4 · The tax rate — same for every Dumont home
$1.304 Schools · 56% $0.233 County · 10% $0.803 Town · 34%
This home's own bill implies $2.180 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Dumont sale · assessed ÷ market
76%121%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 51 WOLCOTT RD | 2025-05 | $560,000 | 1,360 | 97.9% |
| 205 NEW MILFORD AVE | 2025-05 | $650,000 | 1,432 | 80.5% |
| 34 MARGARET CT | 2026-04 | $622,000 | 1,234 | 85.7% |
| 100 ROMANO DR | 2025-05 | $625,000 | 1,350 | 92.0% |
| 135 PARK AVE | 2025-05 | $650,000 | 1,466 | 87.6% |
| 9 HICKORY | 2025-01 | $589,000 | 1,339 | 93.6% |
| 91 LARCH AVE | 2025-04 | $685,000 | 1,331 | 88.0% |
| 25 WINDSOR DRIVE | 2025-03 | $495,000 | 1,231 | 104.0% |
| 37 W REVERE DR | 2025-04 | $490,000 | 1,442 | 128.7% |
| 61 WYANDOTTE AVE | 2025-02 | $563,000 | 1,288 | 96.7% |
| 55 COLONIAL PKWY | 2025-02 | $590,000 | 1,241 | 96.0% |
| 135 E LINDEN | 2026-02 | $570,000 | 1,323 | 87.8% |
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