The Fair Share Report
57 Second St
Somerville, NJ 08844
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 $415,000 – $640,000, from 12 comparable Somerville sales in the past 18 months.
Step 2 · The Director's Ratio
The state's official measure of how far Somerville assessments sit below market value — republished every October, applied town-wide. A $500,000 home should be assessed near $294,000.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $127,000 below what the ratio math suggests (43.2%).
Step 4 · The tax rate — same for every Somerville home
$2.388 Schools · 59% $0.552 County · 14% $1.138 Town · 28%
Step 5 · The bill
This home vs. every recent Somerville sale · assessed ÷ market
21%73%
Keep quiet and enjoy it
This home's assessment ratio sits below the Somerville pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 99 EASTERN AVE | 2025-03 | $415,000 | 1,792 | 63.5% |
| 164 E HIGH ST | 2026-06 | $402,000 | 1,210 | 58.9% |
| 224 E CLIFF ST | 2025-10 | $509,000 | 1,352 | 54.5% |
| 159 DAVENPORT ST | 2025-01 | $445,000 | 1,005 | 49.1% |
| 17-19 N CLARK AVE | 2026-06 | $695,000 | 1,856 | 39.0% |
| 20 CAMMANN PL | 2026-03 | $465,000 | 1,160 | 49.1% |
| 22 HAMILTON ST | 2026-06 | $520,000 | 1,210 | 34.1% |
| 202 N BRIDGE ST | 2026-06 | $640,000 | 1,342 | 39.7% |
| 161 E CLIFF ST | 2025-02 | $475,000 | 1,032 | 47.6% |
| 42 EASTERN AVE | 2025-04 | $675,000 | 1,344 | 42.7% |
| 361 WILLIAM ST | 2025-12 | $517,000 | 1,425 | 47.0% |
| 107 W SPRING ST | 2025-01 | $412,000 | 816 | 56.8% |
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