The Fair Share Report
71 Delaware Ave
Downe, NJ 08056
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Not enough sales for an honest verdict
Too few comparable recent sales in Downe to judge fairly — so we won't guess. The town's current median assessment ratio is 67.3%.
Step 2 · The Director's Ratio
The state's official measure of how far Downe assessments sit below market value — republished every October, applied town-wide.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since.
Step 4 · The tax rate — same for every Downe home
$1.454 Schools · 50% $1.070 County · 37% $0.407 Town · 14%
Step 5 · The bill
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 227 NEW JERSEY AVE | 2025-06 | $175,000 | — | 67.3% |
| 208 PENNSYLVANIA AVE | 2025-05 | $180,000 | — | 82.8% |
| 98 DELAWARE AVE | 2026-05 | $475,000 | — | 32.8% |
| 12 BUDNEY AVE | 2025-01 | $75,000 | — | 151.2% |
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