The Fair Share Report
581 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 $558,393 – $677,200, from 12 comparable Bayonne 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 Bayonne assessments sit below market value — republished every October, applied town-wide. A $597,313 home should be assessed near $397,691.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $82,591 below what the ratio math suggests (20.8%).
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
41%83%
Paying about right
This home's ratio lands inside Bayonne'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 |
|---|---|---|---|---|
| 10 E 11TH ST | 2026-05 | $890,000 | 1,584 | 31.4% |
| 9 E 15TH ST | 2026-01 | $620,000 | 1,598 | 52.5% |
| 13 W 16TH ST | 2026-03 | $690,000 | 1,400 | 55.8% |
| 55 GARRETSON AVE | 2026-03 | $599,000 | 1,642 | 56.2% |
| 8 E 33RD ST | 2025-05 | $600,000 | 1,368 | 53.9% |
| 67 W 57TH ST | 2025-04 | $559,000 | 1,468 | 64.0% |
| 41 E 35TH ST | 2026-06 | $650,000 | 1,372 | 49.2% |
| 418 JF KENNEDY BLVD | 2026-04 | $665,000 | 1,680 | 47.6% |
| 81 W 3RD ST | 2025-09 | $675,000 | 1,680 | 48.3% |
| 342 AVENUE E | 2026-06 | $628,000 | 1,606 | 58.9% |
| 19 E 32ND ST | 2025-03 | $650,000 | 1,602 | 51.5% |
| 13 E 27TH ST | 2025-07 | $570,000 | 1,692 | 73.3% |
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