The Fair Share Report
1 Risner Ave
Penns Grove, NJ 08069
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 $135,391 – $252,135, from 12 comparable Penns Grove sales in the past 18 months, at this home's 1,880 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Penns Grove assessments sit below market value — republished every October, applied town-wide. A $200,561 home should be assessed near $118,632.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,568 above what the ratio math suggests (14.0%).
Step 4 · The tax rate — same for every Penns Grove home
$1.434 Schools · 25% $1.590 County · 28% $2.624 Town · 46%
Step 5 · The bill
This home vs. every recent Penns Grove sale · assessed ÷ market
30%105%
Paying about right
This home's ratio lands inside Penns Grove'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 |
|---|---|---|---|---|
| 26 DELAWARE DR | 2025-08 | $300,000 | 1,836 | 43.1% |
| 12 PEARL ST | 2025-08 | $117,000 | 1,800 | 74.8% |
| 138 DENNY AVE | 2025-08 | $315,000 | 1,968 | 28.9% |
| 204-206 S BROAD ST | 2025-12 | $257,500 | 1,920 | 32.3% |
| 26 CHURCH ST | 2025-05 | $225,000 | 1,836 | 43.5% |
| 62 W PITMAN ST | 2025-09 | $110,000 | 1,972 | 78.5% |
| 86 STATE ST | 2025-06 | $190,000 | 1,781 | 55.3% |
| 58 CYPRESS AVE | 2025-06 | $240,000 | 1,612 | 38.0% |
| 163 STATE ST | 2025-05 | $150,000 | 2,016 | 84.2% |
| 92 W PITMAN ST | 2026-03 | $130,000 | 1,669 | 48.7% |
| 108 S BROAD ST | 2025-06 | $140,000 | 1,944 | 70.9% |
| 76 STATE ST | 2025-05 | $199,000 | 1,918 | 59.6% |
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