The Fair Share Report
29 E Main St
Flemington, NJ 08822
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Flemington's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $417,252 – $596,439, from 11 comparable Flemington 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 Flemington assessments sit below market value — republished every October, applied town-wide. A $468,106 home should be assessed near $469,932.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $32,132 below what the ratio math suggests (6.8%).
Step 4 · The tax rate — same for every Flemington home
$1.345 Schools · 49% $0.308 County · 11% $1.081 Town · 40%
This home's own bill implies $2.567 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Flemington sale · assessed ÷ market
68%110%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 18 MAPLE AVE | 2025-02 | $490,000 | 2,138 | 104.5% |
| 8 VILLAGE COURT | 2026-03 | $565,500 | 1,800 | 86.4% |
| 5 WILLIAM MARTIN WAY | 2026-01 | $460,000 | 1,816 | 89.7% |
| 52 PARK AVE | 2026-04 | $720,000 | 3,069 | 81.1% |
| 44 MAPLE AVE | 2026-06 | $515,000 | 1,328 | 81.6% |
| 1 WALTERS LANE | 2026-03 | $499,000 | 1,710 | 83.5% |
| 25 MINE ST | 2026-01 | $580,000 | 2,992 | 97.4% |
| 20 ALLEN ST | 2025-01 | $362,500 | 1,152 | 97.7% |
| 32 COPPERMINE VILLAGE | 2025-06 | $460,000 | 1,758 | 83.9% |
| 6 BROWN ST | 2026-03 | $200,000 | 1,120 | 130.8% |
| 4 BROWN ST | 2025-02 | $270,000 | 1,206 | 103.1% |
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