The Fair Share Report
477 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 $609,113 – $817,141, from 12 comparable Bayonne 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 Bayonne assessments sit below market value — republished every October, applied town-wide. A $668,076 home should be assessed near $444,805.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $12,405 below what the ratio math suggests (2.8%).
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 |
|---|---|---|---|---|
| 128 LORD AVE | 2026-05 | $675,000 | 1,920 | 55.7% |
| 596 AVENUE A | 2026-03 | $820,000 | 1,966 | 44.5% |
| 1136 JF KENNEDY BLVD | 2025-04 | $599,000 | 1,977 | 59.1% |
| 44 W 45TH ST | 2025-05 | $600,000 | 1,909 | 70.6% |
| 89 W 6TH ST | 2025-06 | $730,000 | 1,974 | 57.4% |
| 29 W 26TH ST | 2025-09 | $795,000 | 1,952 | 59.6% |
| 36 W 27TH ST | 2026-04 | $665,000 | 1,956 | 59.1% |
| 46 W 43RD ST | 2025-04 | $880,000 | 1,884 | 50.1% |
| 46 E 22ND ST | 2025-04 | $654,000 | 2,016 | 64.9% |
| 34 W 50TH ST | 2025-05 | $705,000 | 2,043 | 62.2% |
| 44 W 38TH ST | 2025-03 | $880,000 | 1,829 | 46.9% |
| 126 W 53RD ST | 2025-01 | $615,000 | 1,919 | 59.1% |
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