The Fair Share Report
448 Ave E
Bayonne, NJ 07002
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 $425,349 – $527,955, from 12 comparable Bayonne sales in the past 18 months, at this home's 1,242 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Bayonne assessments sit below market value — republished every October, applied town-wide. A $448,798 home should be assessed near $298,810.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,090 above what the ratio math suggests (1.7%).
Step 4 · The tax rate — same for every Bayonne home
$1.077 Schools · 37% $0.507 County · 18% $1.296 Town · 45%
Step 5 · The bill
This home vs. every recent Bayonne sale · assessed ÷ market
45%83%
Paying about right
This home's ratio lands inside Bayonne'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 |
|---|---|---|---|---|
| 442 AVENUE E | 2025-07 | $510,000 | 1,270 | 64.4% |
| 120 W 38TH ST | 2025-11 | $715,000 | 1,280 | 61.2% |
| 10 E 11TH ST | 2025-07 | $495,000 | 1,320 | 56.4% |
| 125 W 13TH ST | 2025-09 | $410,000 | 1,168 | 38.9% |
| 47 W 49TH ST | 2026-04 | $320,000 | 1,156 | 81.7% |
| 138 LEXINGTON AVE | 2026-01 | $460,000 | 1,273 | 74.8% |
| 45 E 28TH ST | 2025-09 | $505,000 | 1,188 | 56.3% |
| 41 E 35TH ST | 2026-06 | $650,000 | 1,372 | 49.2% |
| 38 E 25TH ST | 2025-11 | $480,000 | 1,360 | 68.6% |
| 79 W 24TH ST | 2025-09 | $425,000 | 1,379 | 73.8% |
| 100 W 55TH ST | 2025-02 | $510,000 | 1,318 | 62.8% |
| 13 W 16TH ST | 2026-03 | $690,000 | 1,400 | 55.8% |
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