The Fair Share Report
374 Methodist Rd
Downe, NJ 08345
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 Downe 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 Downe home
$1.454 Schools · 50% $1.070 County · 37% $0.407 Town · 14%
Step 5 · The bill
The record, in full
Not enough closely-comparable recent sales in Downe for a fairness verdict — the town's current median assessment ratio is 67.3%.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 12 BUDNEY AVE | 2025-01 | $75,000 | — | 151.2% |
| 506 CHURCH ST | 2025-03 | $195,000 | — | 83.7% |
| 919 UNION ST | 2026-04 | $125,000 | — | 106.3% |
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