The Fair Share Report
35 Codington Pl
Somerville, NJ 08876
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 $469,371 – $690,617, from 12 comparable Somerville sales in the past 18 months, at this home's 1,701 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Somerville assessments sit below market value — republished every October, applied town-wide. A $595,030 home should be assessed near $349,878.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $74,778 below what the ratio math suggests (21.4%).
Step 4 · The tax rate — same for every Somerville home
$2.388 Schools · 59% $0.552 County · 14% $1.138 Town · 28%
Step 5 · The bill
This home vs. every recent Somerville sale · assessed ÷ market
34%73%
Paying about right
This home's ratio lands inside Somerville'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 |
|---|---|---|---|---|
| 175 S BRIDGE ST | 2025-09 | $510,000 | 1,684 | 47.6% |
| 33 WASHINGTON PL | 2025-01 | $585,000 | 1,794 | 45.8% |
| 25 N DOUGHTY AVE | 2025-07 | $730,000 | 1,798 | 40.1% |
| 44 MECHANIC ST | 2026-02 | $500,000 | 1,812 | 53.3% |
| 25 W SPRING ST | 2025-10 | $615,000 | 1,444 | 42.6% |
| 224 E HIGH ST | 2026-05 | $559,000 | 2,118 | 54.0% |
| 218 W SUMMIT ST | 2025-06 | $682,000 | 1,764 | 46.1% |
| 211 E HIGH ST | 2026-01 | $838,000 | 1,766 | 42.2% |
| 5 HAYNES ST | 2025-02 | $651,000 | 1,861 | 51.0% |
| 54 MERCER ST | 2025-07 | $675,000 | 1,633 | 45.9% |
| 17-19 N CLARK AVE | 2026-06 | $695,000 | 1,856 | 39.0% |
| 30 DE MOND PL | 2025-12 | $575,000 | 1,698 | 54.8% |
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