The Fair Share Report
340 Second St
Dunellen, NJ 07733
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 $491,996 – $622,656, from 12 comparable Dunellen 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 Dunellen assessments sit below market value — republished every October, applied town-wide. A $549,593 home should be assessed near $533,215.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $28,385 above what the ratio math suggests (5.3%).
Step 4 · The tax rate — same for every Dunellen home
$1.411 Schools · 58% $0.353 County · 14% $0.684 Town · 28%
This home's own bill implies $2.166 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Dunellen sale · assessed ÷ market
76%124%
Paying about right
This home's ratio lands inside Dunellen'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 |
|---|---|---|---|---|
| 241 ORANGE ST | 2026-05 | $555,000 | 1,872 | 81.0% |
| 314 MOUNTAINVIEW TERR | 2026-01 | $517,000 | 1,840 | 96.0% |
| 250 WHITTIER AVE | 2026-03 | $575,000 | 2,106 | 102.7% |
| 577 SOUTH AVE | 2026-03 | $679,000 | 2,199 | 84.7% |
| 325 ORANGE ST | 2025-03 | $349,760 | 1,666 | 117.5% |
| 405 MADISON AVE | 2026-02 | $510,000 | 1,632 | 97.1% |
| 220 FIRST ST | 2026-04 | $516,000 | 1,518 | 79.9% |
| 107 MADISON AVE | 2026-06 | $705,000 | 1,936 | 80.1% |
| 220 SO WASHINGTON AVE | 2026-04 | $560,000 | 2,540 | 114.5% |
| 713 FIRST ST | 2026-04 | $475,000 | 1,984 | 104.1% |
| 426 DUNELLEN AVE | 2025-02 | $439,000 | 1,376 | 100.2% |
| 459 MOUNTAINVIEW TERR | 2026-05 | $795,000 | 2,478 | 80.5% |
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