The Fair Share Report
248 E Madison
Dumont, NJ 07628
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 $596,601 – $683,067, from 12 comparable Dumont 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 Dumont assessments sit below market value — republished every October, applied town-wide. A $650,000 home should be assessed near $619,515.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $96,215 below what the ratio math suggests (15.5%).
Step 4 · The tax rate — same for every Dumont home
$1.304 Schools · 56% $0.233 County · 10% $0.803 Town · 34%
This home's own bill implies $2.185 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Dumont sale · assessed ÷ market
71%121%
Paying about right
This home's ratio lands inside Dumont'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 |
|---|---|---|---|---|
| 135 PARK AVE | 2025-05 | $650,000 | 1,466 | 87.6% |
| 205 NEW MILFORD AVE | 2025-05 | $650,000 | 1,432 | 80.5% |
| 37 W REVERE DR | 2025-04 | $490,000 | 1,442 | 128.7% |
| 51 WOLCOTT RD | 2025-05 | $560,000 | 1,360 | 97.9% |
| 32 COLONIAL PKWY | 2025-01 | $660,000 | 1,590 | 91.6% |
| 34 MARGARET CT | 2026-04 | $622,000 | 1,234 | 85.7% |
| 100 ROMANO DR | 2025-05 | $625,000 | 1,350 | 92.0% |
| 72 MERRITT AVE | 2025-02 | $610,000 | 1,520 | 93.9% |
| 15 PLEASANT STREET | 2026-05 | $785,000 | 1,508 | 77.1% |
| 211 BEDFORD RD | 2026-03 | $750,000 | 1,468 | 74.9% |
| 111 DUMONT AVE | 2025-03 | $675,000 | 1,624 | 90.8% |
| 25 WINDSOR DRIVE | 2025-03 | $495,000 | 1,231 | 104.0% |
Is this your house?
Run your own report →