The Fair Share Report
75 E 3rd St
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 $520,499 – $641,307, 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 $551,463 home should be assessed near $367,164.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,964 below what the ratio math suggests (11.4%).
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 |
|---|---|---|---|---|
| 12 KELLY PARKWAY | 2026-03 | $585,000 | 1,536 | 62.8% |
| 2 VETERANS CT | 2025-05 | $480,000 | 1,302 | 71.2% |
| 123 AVENUE B | 2025-07 | $600,000 | 1,496 | 58.4% |
| 79 W 48TH ST | 2025-08 | $710,000 | 1,344 | 53.1% |
| 136 W 49TH ST | 2026-04 | $555,000 | 1,332 | 56.0% |
| 104 W 52ND ST | 2025-09 | $600,000 | 1,373 | 54.5% |
| 78 NEWMAN AVE | 2025-11 | $705,000 | 1,612 | 54.9% |
| 28 W 22ND ST | 2025-06 | $535,000 | 1,395 | 74.8% |
| 12 BROADWAY | 2026-05 | $445,000 | 1,290 | 87.8% |
| 9 LORD AVE | 2025-01 | $595,000 | 1,478 | 60.5% |
| 223 AVENUE B | 2025-06 | $600,000 | 1,354 | 65.3% |
| 46 EVERGREEN ST | 2025-12 | $575,000 | 1,566 | 46.1% |
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