The Fair Share Report
378 Methodist Rd
Downe, NJ 08534
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 |
|---|---|---|---|---|
| 1175 MAIN ST | 2025-11 | $115,000 | — | 79.3% |
| 146 FORTESCUE RD | 2025-01 | $209,000 | 896 | 61.8% |
| 607 MAIN ST | 2025-10 | $208,000 | — | 45.0% |
| 540 ACKLEY ROAD | 2025-09 | $350,000 | — | 68.9% |
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