The Fair Share Report
36 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 $543,716 – $753,330, from 12 comparable Somerville sales in the past 18 months, at this home's 2,266 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 $629,444 home should be assessed near $370,113.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $87,713 below what the ratio math suggests (23.7%).
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
32%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 |
|---|---|---|---|---|
| 104 W HIGH ST | 2026-04 | $650,000 | 2,208 | 35.6% |
| 23 W SPRING ST | 2025-12 | $801,000 | 2,274 | 47.4% |
| 195 E MAIN ST | 2025-01 | $525,000 | 2,188 | 43.6% |
| 99 EASTERN AVE | 2025-03 | $415,000 | 1,792 | 63.5% |
| 17-19 N CLARK AVE | 2026-06 | $695,000 | 1,856 | 39.0% |
| 115 FAIRVIEW AVE | 2025-05 | $555,000 | 2,418 | 42.8% |
| 25 VANDERVEER AVE. | 2025-10 | $752,000 | 2,262 | 39.9% |
| 185 E HIGH ST | 2026-06 | $740,000 | 2,434 | 47.4% |
| 185 E HIGH ST | 2025-07 | $474,400 | 2,434 | 73.9% |
| 81-83 GROVE ST | 2025-12 | $605,000 | 2,142 | 41.9% |
| 224 E HIGH ST | 2026-05 | $559,000 | 2,118 | 54.0% |
| 113 N ADAMSVILLE RD | 2025-09 | $740,000 | 2,185 | 54.1% |
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