The Fair Share Report
65 E Spring St
Somerville, NJ 08876
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 $497,418 – $649,786, from 12 comparable Somerville sales in the past 18 months, at this home's 1,572 sq ft.
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 $549,904 home should be assessed near $323,344.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,444 below what the ratio math suggests (3.2%).
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
34%73%
Paying about right
This home's ratio lands inside Somerville'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 |
|---|---|---|---|---|
| 147 E SPRING ST | 2025-03 | $605,000 | 1,568 | 43.6% |
| 75 N AUTEN AVE | 2026-06 | $709,500 | 1,575 | 40.5% |
| 18 S CLARK AVE | 2025-09 | $421,000 | 1,411 | 48.8% |
| 12 SCHOOLHOUSE LANE | 2025-11 | $499,000 | 1,577 | 57.4% |
| 22 E BROWN ST | 2026-05 | $645,000 | 1,497 | 45.8% |
| 110 VANDERVEER AVE. | 2025-03 | $555,000 | 1,784 | 50.9% |
| 53 SYCAMORE ST | 2025-09 | $600,000 | 1,751 | 52.6% |
| 95 SOUTHSIDE AVE | 2026-06 | $499,550 | 1,474 | 50.1% |
| 30 DE MOND PL | 2025-12 | $575,000 | 1,698 | 54.8% |
| 54 MERCER ST | 2025-07 | $675,000 | 1,633 | 45.9% |
| 5 HAYNES ST | 2025-02 | $651,000 | 1,861 | 51.0% |
| 7 SOMER DRIVE | 2025-05 | $580,000 | 1,420 | 51.2% |
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