The Fair Share Report

2005 Rt 9

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

≈ $328,947

Likely range $221,973 – $446,400, from 12 comparable Dennis sales in the past 18 months, at this home's 1,488 sq ft.

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 $328,947 home should be assessed near $218,026.

Step 3 · Assessed value

$257,800

Set at the last town-wide revaluation and mostly frozen since. That's $39,774 above what the ratio math suggests (18.2%).

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%

Step 5 · The bill

$5,757/yr
Public schools$4,208
Cape May County$851
Town of Dennis$698
Dennis average$4,091

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

Town median 58.3%
This home · 78.4%

42%122%

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
125 GRAVEL HOLE RD2025-12$340,0001,53856.8%
73 DENNIS CREEK DR2026-06$435,0001,41652.7%
271 ACADEMY RD2025-08$212,0001,48089.8%
2774 RT 92025-08$310,0001,86262.1%
142 DENNISVILLE RD2025-12$199,0001,33490.0%
34 CEDAR MILL LA2025-04$469,9001,55748.0%
785 CRT HSE-SO DENNIS RD2025-07$280,0001,28860.6%
1241 RT 472025-03$180,0001,38386.6%
12 HALL AVE2026-06$200,0001,57495.7%
113 SCHOOL HOUSE RD2025-08$175,0001,02693.4%
155 CHESTNUT ST2026-05$382,0001,58047.3%
15 DEVON CT2026-05$600,0002,00050.0%

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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 →