The Fair Share Report
145 Second St
Dumont, NJ 07628
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 $514,889 – $648,163, 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 $591,902 home should be assessed near $564,142.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,942 below what the ratio math suggests (3.5%).
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 $2.137 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
77%121%
Paying about right
This home's ratio lands inside Dumont'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 |
|---|---|---|---|---|
| 91 LARCH AVE | 2025-04 | $685,000 | 1,331 | 88.0% |
| 9 HICKORY | 2025-01 | $589,000 | 1,339 | 93.6% |
| 138 SUNSET | 2026-04 | $705,000 | 1,324 | 88.9% |
| 34 MARGARET CT | 2026-04 | $622,000 | 1,234 | 85.7% |
| 40 DEPEW ST | 2026-04 | $625,000 | 1,482 | 88.3% |
| 15 PLEASANT STREET | 2026-05 | $785,000 | 1,508 | 77.1% |
| 36 ELM ST | 2025-02 | $500,000 | 1,211 | 102.3% |
| 211 BEDFORD RD | 2026-03 | $750,000 | 1,468 | 74.9% |
| 50 BROOKFIELD | 2025-04 | $495,000 | 980 | 103.9% |
| 182 BEDFORD RD | 2025-01 | $412,000 | 1,010 | 155.6% |
| 25 WINDSOR DRIVE | 2025-03 | $495,000 | 1,231 | 104.0% |
| 55 COLONIAL PKWY | 2025-02 | $590,000 | 1,241 | 96.0% |
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