The Fair Share Report
56 Cedar Dr
Dennis, NJ 08084
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 $435,246 – $552,312, from 12 comparable Dennis 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 Dennis assessments sit below market value — republished every October, applied town-wide. A $498,242 home should be assessed near $330,235.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $60,135 below what the ratio math suggests (18.2%).
Step 4 · The tax rate — same for every Dennis home
$1.568 Schools · 73% $0.317 County · 15% $0.260 Town · 12%
Step 5 · The bill
This home vs. every recent Dennis sale · assessed ÷ market
42%99%
Paying about right
This home's ratio lands inside Dennis'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 |
|---|---|---|---|---|
| 2024 RT 47 | 2025-12 | $360,000 | 1,628 | 55.0% |
| 114 PETERSBURG RD | 2025-11 | $517,500 | 1,881 | 69.9% |
| 107 W BEAVER DR | 2025-10 | $590,000 | 2,008 | 45.2% |
| 771 DENNISVILLE RD | 2025-10 | $500,000 | 1,952 | 53.9% |
| 18 E BEAVER DR | 2025-07 | $350,000 | 1,422 | 63.6% |
| 388 KINGS HWY | 2025-04 | $600,000 | 1,824 | 53.7% |
| 271 HANDS MILL RD | 2025-12 | $420,000 | 1,534 | 51.0% |
| 62 CEDAR DR | 2025-04 | $468,000 | 1,293 | 50.6% |
| 331 MAIN ST | 2026-06 | $540,000 | 1,924 | 62.9% |
| 15 DEVON CT | 2026-05 | $600,000 | 2,000 | 50.0% |
| 34 CEDAR MILL LA | 2025-04 | $469,900 | 1,557 | 48.0% |
| 2044 RT 9 | 2026-01 | $450,000 | 2,164 | 46.9% |
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