The Fair Share Report
68 Second St
Somerville, NJ 07920
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 $450,000 – $755,000, from 12 comparable Somerville sales in the past 18 months.
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 $640,000 home should be assessed near $376,320.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $92,220 below what the ratio math suggests (24.5%).
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
32%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 |
|---|---|---|---|---|
| 26 W BROWN ST | 2025-06 | $640,000 | 1,779 | 51.0% |
| 231 GROVE ST | 2026-06 | $707,000 | 1,907 | 47.3% |
| 420 WILLIAM STREET | 2026-06 | $810,000 | 2,273 | 51.0% |
| 28 MECHANIC ST | 2025-05 | $755,000 | 1,816 | 53.7% |
| 17-D LOESER AVENUE | 2026-04 | $400,000 | 1,190 | 38.1% |
| 81 EAST CLIFF STREET | 2025-07 | $388,000 | 1,140 | 35.3% |
| 53 EAST CLIFF STREET | 2025-06 | $450,000 | 1,140 | 30.4% |
| 18 RIVIERA DR | 2025-10 | $420,000 | 1,090 | 58.6% |
| 25 N DOUGHTY AVE | 2025-07 | $730,000 | 1,798 | 40.1% |
| 53 SYCAMORE ST | 2025-09 | $600,000 | 1,751 | 52.6% |
| 81-83 GROVE ST | 2025-12 | $605,000 | 2,142 | 41.9% |
| 22 E BROWN ST | 2026-05 | $645,000 | 1,497 | 45.8% |
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