The Fair Share Report
29 E Ln
Madison, NJ 07940
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 $1,945,385 – $2,474,535, from 12 comparable Madison sales in the past 18 months, at this home's 3,698 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Madison assessments sit below market value — republished every October, applied town-wide. A $2,345,670 home should be assessed near $1,412,562.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $225,038 above what the ratio math suggests (15.9%).
Step 4 · The tax rate — same for every Madison home
$1.423 Schools · 63% $0.350 County · 16% $0.481 Town · 21%
Step 5 · The bill
This home vs. every recent Madison sale · assessed ÷ market
41%90%
A touch high — worth watching
This home's ratio sits above most of Madison, but doesn't clear NJ's legal appeal line (69.25%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 36 KINNEY ST | 2025-05 | $1,250,000 | 3,689 | 43.0% |
| 83 POMEROY RD | 2025-01 | $2,199,000 | 3,325 | 60.1% |
| 159 WOODLAND RD | 2026-04 | $2,560,000 | 4,366 | 61.9% |
| 88 POMEROY RD | 2025-08 | $1,900,000 | 2,707 | 62.5% |
| 17 WOODCLIFF DR | 2025-06 | $1,825,000 | 3,274 | 54.6% |
| 138 CENTRAL AVE | 2025-09 | $1,343,000 | 3,500 | 54.1% |
| 47 PARK LN | 2025-05 | $2,200,000 | 3,434 | 47.8% |
| 5 EAST LN | 2025-07 | $2,550,000 | 3,588 | 54.8% |
| 219 WOODLAND RD | 2025-02 | $2,200,000 | 4,182 | 67.0% |
| 20 DOGWOOD DR | 2025-01 | $2,300,000 | 3,626 | 54.4% |
| 62 ALBRIGHT CIR | 2026-05 | $825,000 | 4,024 | 64.5% |
| 24 FAIRVIEW AVE | 2026-04 | $2,310,000 | 3,367 | 45.0% |
Is this your house?
Run your own report →