The Fair Share Report

583 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.

Step 1 · Market value

≈ $587,516

Likely range $550,574 – $675,562, from 12 comparable Bayonne sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

66.58%

The state's official measure of how far Bayonne assessments sit below market value — republished every October, applied town-wide. A $587,516 home should be assessed near $391,168.

Step 3 · Assessed value

$320,100

Set at the last town-wide revaluation and mostly frozen since. That's $71,068 below what the ratio math suggests (18.2%).

Step 4 · The tax rate — same for every Bayonne home

$2.880 per $100 assessed

$1.077 Schools · 37% $0.507 County · 18% $1.296 Town · 45%

Step 5 · The bill

$9,219/yr
Public schools$3,447
Hudson County$1,623
Town of Bayonne$4,148
Bayonne average$11,591

This home vs. every recent Bayonne sale · assessed ÷ market

Town median 61.8%
This home · 54.5%

42%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)

AddressSoldPriceSq ftRatio
13 E 32ND ST2025-10$375,0001,41080.8%
13 W 16TH ST2026-03$690,0001,40055.8%
179 W 8TH ST2025-07$599,0001,42065.0%
74 W 14TH ST2025-10$599,0001,43549.9%
41 E 35TH ST2026-06$650,0001,37249.2%
43 E 28TH ST2025-04$570,0001,48057.7%
46 E 28TH ST2026-04$620,0001,50154.9%
31 AVENUE B2026-01$660,0001,45164.8%
67 W 57TH ST2025-04$559,0001,46864.0%
19 E 32ND ST2025-03$650,0001,60251.5%
10 E 11TH ST2026-05$890,0001,58431.4%
10 E 11TH ST2025-07$495,0001,32056.4%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →