The Fair Share Report

16 Pine St

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

≈ $399,649

Likely range $204,207 – $459,961, 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 $399,649 home should be assessed near $264,887.

Step 3 · Assessed value

$221,700

Set at the last town-wide revaluation and mostly frozen since. That's $43,187 below what the ratio math suggests (16.3%).

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%

This home's own bill implies $2.120 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$4,701/yr
Public schools$3,436
Cape May County$695
Town of Dennis$570
Dennis average$4,091

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

Town median 58.3%
This home · 55.5%

42%114%

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
155 CHESTNUT ST2026-05$382,0001,58047.3%
34 CEDAR MILL LA2025-04$469,9001,55748.0%
125 GRAVEL HOLE RD2025-12$340,0001,53856.8%
1241 RT 472025-03$180,0001,38386.6%
331 MAIN ST2026-06$540,0001,92462.9%
12 HALL AVE2026-06$200,0001,57495.7%
135 DENNISVILLE RD2025-08$385,0001,96073.8%
271 ACADEMY RD2025-08$212,0001,48089.8%
15 HALBE LA EAST2025-08$560,0002,14448.2%
342 MAIN ST2025-04$425,0001,64053.1%
238 FIDLER RD2026-01$300,0002,21865.3%
73 DENNIS CREEK DR2026-06$435,0001,41652.7%

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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 →