The Fair Share Report
481 Ave E
Bayonne, NJ 07002
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Bayonne's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $642,591 – $846,495, 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 $742,500 home should be assessed near $494,357.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,657 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%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 104 W 16TH ST | 2026-05 | $915,000 | 2,264 | 50.5% |
| 63 W 4TH ST | 2025-11 | $950,000 | 2,247 | 49.0% |
| 33 W 16TH ST | 2026-06 | $860,000 | 2,312 | 56.0% |
| 44 W 16TH ST | 2025-10 | $815,000 | 2,318 | 56.1% |
| 181 AVENUE C | 2025-09 | $805,000 | 2,232 | 52.1% |
| 51 W 48TH ST | 2025-12 | $853,000 | 2,350 | 65.3% |
| 51 W 48TH ST | 2025-07 | $570,000 | 2,350 | 97.8% |
| 63 GARRETSON AVE | 2025-06 | $640,000 | 2,202 | 64.6% |
| 17 W 42ND ST | 2025-10 | $720,000 | 2,280 | 52.7% |
| 142 W 27TH ST | 2025-06 | $750,000 | 2,300 | 54.5% |
| 367 AVENUE A | 2025-11 | $700,000 | 2,412 | 52.0% |
| 365 AVENUE A | 2025-07 | $710,000 | 2,412 | 62.6% |
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