The Fair Share Report
887 Downe Ave
Downe, NJ 08321
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 $175,000 – $295,000, from 7 comparable Downe sales in the past 18 months, at this home's 896 sq ft.
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. A $209,000 home should be assessed near $163,856.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,956 below what the ratio math suggests (32.3%).
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
This home vs. every recent Downe sale · assessed ÷ market
31%107%
Paying about right
This home's ratio lands inside Downe'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 |
|---|---|---|---|---|
| 227 NEW JERSEY AVE | 2025-06 | $175,000 | — | 67.3% |
| 146 FORTESCUE RD | 2025-01 | $209,000 | 896 | 61.8% |
| 256 COVE RD | 2025-06 | $290,000 | 864 | 97.5% |
| 98 DELAWARE AVE | 2026-05 | $475,000 | — | 32.8% |
| 208 PENNSYLVANIA AVE | 2025-05 | $180,000 | — | 82.8% |
| 250 COVE RD | 2025-02 | $295,000 | 1,260 | 101.5% |
| 615 OLD BEAVER DAM RD | 2025-01 | $105,000 | 1,110 | 150.1% |
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