The Fair Share Report
184 E Spring St
Somerville, NJ 08876
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 $450,000 – $699,000, from 12 comparable Somerville sales in the past 18 months.
Step 2 · The Director's Ratio
The state's official measure of how far Somerville assessments sit below market value — republished every October, applied town-wide. A $580,000 home should be assessed near $341,040.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,460 above what the ratio math suggests (12.7%).
Step 4 · The tax rate — same for every Somerville home
$2.388 Schools · 59% $0.552 County · 14% $1.138 Town · 28%
Step 5 · The bill
This home vs. every recent Somerville sale · assessed ÷ market
34%91%
A touch high — worth watching
This home's ratio sits above most of Somerville, but doesn't clear NJ's legal appeal line (67.62%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 69 FAIRMONT AVE | 2025-06 | $436,000 | 2,110 | 73.9% |
| 34 STEELE AVE | 2025-12 | $699,000 | 2,724 | 60.5% |
| 30 DE MOND PL | 2025-12 | $575,000 | 1,698 | 54.8% |
| 179 N. MIDDAUGH ST. | 2025-08 | $700,000 | 2,250 | 49.1% |
| 210 WILLIAM ST | 2024-12 | $495,000 | 1,189 | 60.9% |
| 53 SYCAMORE ST | 2025-09 | $600,000 | 1,751 | 52.6% |
| 95 SOUTHSIDE AVE | 2026-06 | $499,550 | 1,474 | 50.1% |
| 18 RIVIERA DR | 2025-10 | $420,000 | 1,090 | 58.6% |
| 55 FAIRMONT AVE | 2025-08 | $450,000 | 1,006 | 56.1% |
| 11 SEVILLE DRIVE | 2025-08 | $590,000 | 1,126 | 49.1% |
| 19 CATALINA DR | 2025-01 | $580,000 | 1,951 | 52.4% |
| 5 SEVILLE DR | 2025-06 | $745,000 | 2,204 | 52.2% |
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