The Fair Share Report
487 Maple St
Downe, NJ 08315
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 $162,000 – $273,000, from 5 comparable Downe sales in the past 18 months.
Step 2 · The Director's Ratio
The state's official measure of how far Downe assessments sit below market value — republished every October, applied town-wide. A $256,000 home should be assessed near $200,704.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $108,104 below what the ratio math suggests (53.9%).
Step 4 · The tax rate — same for every Downe home
$1.454 Schools · 50% $1.070 County · 37% $0.407 Town · 14%
This home's own bill implies $2.903 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Downe sale · assessed ÷ market
28%107%
Paying about right
This home's ratio lands inside Downe'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 |
|---|---|---|---|---|
| 184 LANDING RD | 2025-12 | $256,000 | — | 53.4% |
| 18 VASSAR AVE | 2026-02 | $273,000 | — | 50.8% |
| 234 MAIN ST | 2025-09 | $265,000 | — | 45.1% |
| 12 BUDNEY AVE | 2025-01 | $75,000 | — | 151.2% |
| 21 VASSAR AVE | 2026-06 | $162,000 | — | 52.0% |
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