The Fair Share Report
359 Ave E
Bayonne, NJ 07002
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 $490,871 – $706,253, from 12 comparable Bayonne 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 Bayonne assessments sit below market value — republished every October, applied town-wide. A $592,810 home should be assessed near $394,693.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,493 below what the ratio math suggests (1.4%).
Step 4 · The tax rate — same for every Bayonne home
$1.077 Schools · 37% $0.507 County · 18% $1.296 Town · 45%
Step 5 · The bill
This home vs. every recent Bayonne sale · assessed ÷ market
45%85%
Paying about right
This home's ratio lands inside Bayonne'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 |
|---|---|---|---|---|
| 44 W 38TH ST | 2025-03 | $880,000 | 1,829 | 46.9% |
| 281 AVENUE C | 2026-04 | $500,000 | 1,882 | 67.6% |
| 281 AVENUE C | 2025-12 | $373,500 | 1,882 | 90.5% |
| 46 W 43RD ST | 2025-04 | $880,000 | 1,884 | 50.1% |
| 180 AVENUE F | 2026-05 | $605,000 | 1,886 | 68.2% |
| 100 LEXINGTON AVE | 2026-02 | $700,000 | 1,890 | 61.0% |
| 10 W 15TH ST | 2025-06 | $620,000 | 1,806 | 54.9% |
| 157 PROSPECT AVE | 2025-12 | $769,000 | 1,892 | 52.8% |
| 429 JF KENNEDY BLVD | 2025-03 | $385,000 | 1,796 | 71.5% |
| 1 SISSON CT | 2025-08 | $495,000 | 1,792 | 81.3% |
| 748 AVENUE C | 2025-05 | $680,000 | 1,908 | 57.8% |
| 44 W 45TH ST | 2025-05 | $600,000 | 1,909 | 70.6% |
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