The Fair Share Report
80 E Madison
Dumont, NJ 07641
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 $635,973 – $874,252, from 12 comparable Dumont 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 Dumont assessments sit below market value — republished every October, applied town-wide. A $785,008 home should be assessed near $748,191.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,091 below what the ratio math suggests (4.6%).
Step 4 · The tax rate — same for every Dumont home
$1.304 Schools · 56% $0.233 County · 10% $0.803 Town · 34%
This home's own bill implies $2.185 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Dumont sale · assessed ÷ market
76%121%
Paying about right
This home's ratio lands inside Dumont'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 |
|---|---|---|---|---|
| 151 ERIE ST | 2025-04 | $675,000 | 2,874 | 119.2% |
| 156 E LINDEN | 2026-02 | $730,000 | 2,556 | 104.8% |
| 150 BROOK ST | 2025-05 | $750,000 | 2,909 | 103.2% |
| 71 W MADISON | 2026-05 | $785,000 | 2,077 | 83.8% |
| 107 WYANDOTTE AVE | 2025-04 | $735,000 | 2,381 | 99.0% |
| 210 NEW MILFORD AVENUE | 2025-01 | $740,000 | 2,327 | 95.9% |
| 116 LEXINGTON | 2026-05 | $765,000 | 1,944 | 79.8% |
| 214 DUMONT AVE | 2026-02 | $810,000 | 2,588 | 91.1% |
| 72 ONTARIO | 2026-01 | $685,000 | 2,536 | 100.1% |
| 39 ERIE STREET | 2025-01 | $450,000 | 1,851 | 148.1% |
| 56 ONEIDA AVE | 2025-01 | $660,000 | 1,946 | 92.7% |
| 150 LENOX | 2026-02 | $740,000 | 2,272 | 87.5% |
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