The Fair Share Report
516 Third St
Dunellen, NJ 08812
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 $506,439 – $609,430, from 12 comparable Dunellen 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 Dunellen assessments sit below market value — republished every October, applied town-wide. A $532,735 home should be assessed near $516,859.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,941 above what the ratio math suggests (8.5%).
Step 4 · The tax rate — same for every Dunellen home
$1.411 Schools · 58% $0.353 County · 14% $0.684 Town · 28%
This home's own bill implies $2.331 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Dunellen sale · assessed ÷ market
76%124%
Paying about right
This home's ratio lands inside Dunellen'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 |
|---|---|---|---|---|
| 411 WALNUT ST | 2025-04 | $565,000 | 1,793 | 103.5% |
| 342 OAK PARKWAY | 2025-01 | $677,000 | 2,470 | 99.7% |
| 305 HIGH ST | 2025-04 | $520,000 | 1,496 | 96.2% |
| 241 ORANGE ST | 2026-05 | $555,000 | 1,872 | 81.0% |
| 107 MADISON AVE | 2026-06 | $705,000 | 1,936 | 80.1% |
| 820 FRONT ST | 2026-01 | $375,000 | 1,856 | 113.3% |
| 314 MOUNTAINVIEW TERR | 2026-01 | $517,000 | 1,840 | 96.0% |
| 713 FIRST ST | 2026-04 | $475,000 | 1,984 | 104.1% |
| 419 DUNELLEN AVE | 2026-03 | $475,000 | 1,764 | 99.6% |
| 137 THIRD ST | 2026-01 | $485,000 | 1,750 | 96.0% |
| 388 WHITTIER AVE | 2025-04 | $720,000 | 2,723 | 100.0% |
| 250 WHITTIER AVE | 2026-03 | $575,000 | 2,106 | 102.7% |
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