The Fair Share Report
620 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 $672,586 – $887,614, 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 $790,414 home should be assessed near $526,258.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,358 below what the ratio math suggests (6.7%).
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%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 |
|---|---|---|---|---|
| 51 W 48TH ST | 2025-12 | $853,000 | 2,350 | 65.3% |
| 51 W 48TH ST | 2025-07 | $570,000 | 2,350 | 97.8% |
| 81 E 24TH ST | 2026-03 | $700,000 | 2,352 | 66.1% |
| 127 W 48TH ST | 2025-11 | $785,000 | 2,320 | 24.7% |
| 44 W 16TH ST | 2025-10 | $815,000 | 2,318 | 56.1% |
| 33 W 16TH ST | 2026-06 | $860,000 | 2,312 | 56.0% |
| 118 W 15TH ST | 2025-10 | $888,000 | 2,309 | 42.7% |
| 42 W 9TH ST | 2025-02 | $750,000 | 2,376 | 47.5% |
| 18 W 22ND ST | 2026-04 | $869,000 | 2,388 | 45.1% |
| 49 E 33RD ST | 2026-02 | $550,000 | 2,284 | 69.5% |
| 17 W 42ND ST | 2025-10 | $720,000 | 2,280 | 52.7% |
| 71 W 17TH ST | 2025-11 | $700,000 | 2,400 | 50.8% |
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