The Fair Share Report
910 Main St
Downe, NJ 08315
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 $105,000 – $195,000, from 7 comparable Downe sales in the past 18 months.
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 $125,000 home should be assessed near $98,000.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,000 above what the ratio math suggests (49.0%).
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%144%
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 |
|---|---|---|---|---|
| 1175 MAIN ST | 2025-11 | $115,000 | — | 79.3% |
| 919 UNION ST | 2026-04 | $125,000 | — | 106.3% |
| 506 CHURCH ST | 2025-03 | $195,000 | — | 83.7% |
| 607 MAIN ST | 2025-10 | $208,000 | — | 45.0% |
| 615 OLD BEAVER DAM RD | 2025-01 | $105,000 | 1,110 | 150.1% |
| 554 OLD BEAVER DAM RD | 2026-02 | $157,000 | — | 75.5% |
| 12 BUDNEY AVE | 2025-01 | $75,000 | — | 151.2% |
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