The Fair Share Report
39 Second St
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 $589,394 – $859,514, from 12 comparable Somerville sales in the past 18 months, at this home's 3,024 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 $638,464 home should be assessed near $375,417.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $111,517 below what the ratio math suggests (29.7%).
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
25%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 |
|---|---|---|---|---|
| 62 S BRIDGE ST | 2025-02 | $550,000 | 2,776 | 46.2% |
| 90-92 W CLIFF ST | 2025-02 | $500,000 | 2,758 | 61.4% |
| 121 S BRIDGE ST | 2025-10 | $525,000 | 2,906 | 53.8% |
| 185 E HIGH ST | 2026-06 | $740,000 | 2,434 | 47.4% |
| 185 E HIGH ST | 2025-07 | $474,400 | 2,434 | 73.9% |
| 115 FAIRVIEW AVE | 2025-05 | $555,000 | 2,418 | 42.8% |
| 23 W SPRING ST | 2025-12 | $801,000 | 2,274 | 47.4% |
| 25 E CLIFF ST | 2025-02 | $290,000 | 2,644 | 72.3% |
| 148 DAVENPORT ST | 2025-10 | $739,000 | 2,600 | 34.9% |
| 195 E MAIN ST | 2025-01 | $525,000 | 2,188 | 43.6% |
| 149 W CLIFF ST | 2026-02 | $660,000 | 3,360 | 48.4% |
| 68 MOUNTAIN AVE | 2025-07 | $550,000 | 2,605 | 61.7% |
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