The Fair Share Report
307 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 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.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since.
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 $2.203 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
The record, in full
Not enough closely-comparable recent sales in Dumont for a fairness verdict — the town's current median assessment ratio is 92.0%.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 150 BROOK ST | 2025-05 | $750,000 | 2,909 | 103.2% |
| 151 ERIE ST | 2025-04 | $675,000 | 2,874 | 119.2% |
| 19 BEDFORD RD | 2026-04 | $920,000 | 2,749 | 88.6% |
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