The Fair Share Report
20 Codington Pl
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 $544,676 – $790,620, from 12 comparable Somerville sales in the past 18 months, at this home's 2,270 sq ft.
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 $668,252 home should be assessed near $392,932.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $111,332 below what the ratio math suggests (28.3%).
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
30%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 |
|---|---|---|---|---|
| 104 W HIGH ST | 2026-04 | $650,000 | 2,208 | 35.6% |
| 195 E MAIN ST | 2025-01 | $525,000 | 2,188 | 43.6% |
| 23 W SPRING ST | 2025-12 | $801,000 | 2,274 | 47.4% |
| 113 N ADAMSVILLE RD | 2025-09 | $740,000 | 2,185 | 54.1% |
| 484 E MAIN ST | 2026-02 | $615,000 | 2,282 | 54.2% |
| 21 GRANT AVENUE | 2026-01 | $815,000 | 2,340 | 46.4% |
| 99 EASTERN AVE | 2025-03 | $415,000 | 1,792 | 63.5% |
| 17-19 N CLARK AVE | 2026-06 | $695,000 | 1,856 | 39.0% |
| 115 FAIRVIEW AVE | 2025-05 | $555,000 | 2,418 | 42.8% |
| 276 N BRIDGE ST | 2026-01 | $575,000 | 1,889 | 49.8% |
| 20 SPEER ST | 2025-11 | $539,000 | 2,056 | 51.1% |
| 25 N DOUGHTY AVE | 2025-07 | $730,000 | 1,798 | 40.1% |
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