The Fair Share Report
175 Devoe Ave
Spotswood, NJ 08884
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 $397,258 – $562,360, from 12 comparable Spotswood 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 Spotswood assessments sit below market value — republished every October, applied town-wide. A $511,974 home should be assessed near $279,077.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $30,277 below what the ratio math suggests (10.8%).
Step 4 · The tax rate — same for every Spotswood home
$2.042 Schools · 54% $0.582 County · 15% $1.167 Town · 31%
Step 5 · The bill
This home vs. every recent Spotswood sale · assessed ÷ market
38%68%
Paying about right
This home's ratio lands inside Spotswood'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 |
|---|---|---|---|---|
| 8 NEWARK AVENUE | 2025-02 | $440,000 | 1,150 | 51.6% |
| 16 WILSON AVENUE | 2026-01 | $486,500 | 1,152 | 46.7% |
| 321 MAIN STREET | 2025-07 | $385,000 | 1,322 | 45.2% |
| 103 ELLENEL BOULEVARD | 2025-04 | $615,000 | 1,294 | 43.1% |
| 277 ADIRONDACK AVENUE | 2025-10 | $405,000 | 1,264 | 59.9% |
| 78 MADIE AVENUE | 2025-10 | $525,000 | 1,302 | 46.3% |
| 74 CLYNE AVENUE | 2025-11 | $596,000 | 1,213 | 45.4% |
| 137 WILSON AVENUE | 2025-10 | $575,000 | 1,352 | 49.4% |
| 417 ADIRONDACK AVENUE | 2025-11 | $540,000 | 1,254 | 48.6% |
| 4 NORTH STREET | 2026-04 | $498,000 | 1,271 | 46.5% |
| 141 BRUNSWICK AVENUE | 2026-01 | $420,000 | 1,654 | 63.7% |
| 290 CRESCENT AVENUE | 2025-11 | $565,000 | 1,322 | 51.8% |
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