The Fair Share Report
19 Third 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 $400,000 – $707,000, 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 $525,000 home should be assessed near $308,700.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $71,700 below what the ratio math suggests (23.2%).
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
28%73%
Paying about right
This home's ratio lands inside Somerville'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 |
|---|---|---|---|---|
| 17-D LOESER AVENUE | 2026-04 | $400,000 | 1,190 | 38.1% |
| 231 GROVE ST | 2026-06 | $707,000 | 1,907 | 47.3% |
| 81 EAST CLIFF STREET | 2025-07 | $388,000 | 1,140 | 35.3% |
| 53 EAST CLIFF STREET | 2025-06 | $450,000 | 1,140 | 30.4% |
| 26 W BROWN ST | 2025-06 | $640,000 | 1,779 | 51.0% |
| 69 FAIRMONT AVE | 2025-06 | $436,000 | 2,110 | 73.9% |
| 420 WILLIAM STREET | 2026-06 | $810,000 | 2,273 | 51.0% |
| 179 N. MIDDAUGH ST. | 2025-08 | $700,000 | 2,250 | 49.1% |
| 34 STEELE AVE | 2025-12 | $699,000 | 2,724 | 60.5% |
| 210 WILLIAM ST | 2024-12 | $495,000 | 1,189 | 60.9% |
| 30 DE MOND PL | 2025-12 | $575,000 | 1,698 | 54.8% |
| 211 E HIGH ST | 2026-01 | $838,000 | 1,766 | 42.2% |
Is this your house?
Run your own report →