The Fair Share Report
808 Second St
Dunellen, NJ 08812
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.
This home's payments are about right
It sits inside Dunellen's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $397,811 – $511,510, from 12 comparable Dunellen 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 Dunellen assessments sit below market value — republished every October, applied town-wide. A $454,135 home should be assessed near $440,602.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,498 above what the ratio math suggests (9.2%).
Step 4 · The tax rate — same for every Dunellen home
$1.411 Schools · 58% $0.353 County · 14% $0.684 Town · 28%
Step 5 · The bill
This home vs. every recent Dunellen sale · assessed ÷ market
76%126%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1790 WEST 4TH ST | 2025-04 | $360,000 | 1,479 | 123.9% |
| 128 FIRST ST | 2026-02 | $440,000 | 1,463 | 99.8% |
| 405 MADISON AVE | 2026-02 | $510,000 | 1,632 | 97.1% |
| 220 FIRST ST | 2026-04 | $516,000 | 1,518 | 79.9% |
| 211 SO WASHINGTON AVE | 2025-01 | $340,000 | 1,328 | 145.6% |
| 325 ORANGE ST | 2025-03 | $349,760 | 1,666 | 117.5% |
| 622 NO WASHINGTON AVE | 2025-04 | $429,000 | 1,289 | 97.9% |
| 426 DUNELLEN AVE | 2025-02 | $439,000 | 1,376 | 100.2% |
| 323 OAK PARKWAY | 2026-01 | $480,000 | 1,311 | 98.9% |
| 250 WALNUT ST | 2025-01 | $450,000 | 1,284 | 98.9% |
| 500 SECOND ST | 2026-05 | $442,000 | 1,368 | 108.5% |
| 314 MOUNTAINVIEW TERR | 2026-01 | $517,000 | 1,840 | 96.0% |
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