The Fair Share Report
577 Ave E
Bayonne, NJ 07002
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 $468,752 – $607,895, from 12 comparable Bayonne sales in the past 18 months, at this home's 1,386 sq ft.
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 $519,750 home should be assessed near $346,050.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $104,250 above what the ratio math suggests (30.1%).
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%102%
A touch high — worth watching
This home's ratio sits above most of Bayonne, but doesn't clear NJ's legal appeal line (76.57%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 79 W 24TH ST | 2025-09 | $425,000 | 1,379 | 73.8% |
| 13 W 16TH ST | 2026-03 | $690,000 | 1,400 | 55.8% |
| 41 E 35TH ST | 2026-06 | $650,000 | 1,372 | 49.2% |
| 291 AVENUE C | 2026-02 | $468,500 | 1,368 | 67.3% |
| 8 E 33RD ST | 2025-05 | $600,000 | 1,368 | 53.9% |
| 13 E 32ND ST | 2025-10 | $375,000 | 1,410 | 80.8% |
| 38 E 25TH ST | 2025-11 | $480,000 | 1,360 | 68.6% |
| 179 W 8TH ST | 2025-07 | $599,000 | 1,420 | 65.0% |
| 48 W 9TH ST | 2025-09 | $420,000 | 1,428 | 61.0% |
| 43 W 40TH ST | 2025-05 | $485,000 | 1,345 | 64.8% |
| 74 W 14TH ST | 2025-10 | $599,000 | 1,435 | 49.9% |
| 11 W 2ND ST | 2026-04 | $486,000 | 1,437 | 68.3% |
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