The Fair Share Report
39 Central
Dumont, NJ 07628
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 $621,701 – $693,866, from 12 comparable Dumont 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 Dumont assessments sit below market value — republished every October, applied town-wide. A $670,585 home should be assessed near $639,135.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,035 below what the ratio math suggests (7.8%).
Step 4 · The tax rate — same for every Dumont home
$1.304 Schools · 56% $0.233 County · 10% $0.803 Town · 34%
This home's own bill implies $2.185 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Dumont sale · assessed ÷ market
77%121%
Paying about right
This home's ratio lands inside Dumont'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 |
|---|---|---|---|---|
| 116 LEXINGTON | 2026-05 | $765,000 | 1,944 | 79.8% |
| 150 NIAGARA | 2026-06 | $645,000 | 1,571 | 91.3% |
| 82 CRESSKILL | 2026-02 | $558,000 | 1,272 | 88.4% |
| 93 ERIE ST | 2025-03 | $650,000 | 1,424 | 89.8% |
| 55 NEW YORK AVE | 2026-05 | $650,000 | 1,846 | 93.3% |
| 163 PROSPECT AVE | 2025-05 | $675,000 | 1,771 | 85.0% |
| 39 ERIE STREET | 2025-01 | $450,000 | 1,851 | 148.1% |
| 28 NIAGARA | 2026-02 | $710,000 | 1,463 | 90.9% |
| 71 W MADISON | 2026-05 | $785,000 | 2,077 | 83.8% |
| 162 LAFAYETTE AVE | 2025-04 | $524,000 | 1,356 | 102.0% |
| 57 JOHNSON AVE | 2026-04 | $640,000 | 1,580 | 85.4% |
| 111 DUMONT AVE | 2025-03 | $675,000 | 1,624 | 90.8% |
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