The Fair Share Report
1 River Dr
Egg Harbor, NJ 08043
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 $110,282 – $147,864, from 12 comparable Egg Harbor 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 Egg Harbor assessments sit below market value — republished every October, applied town-wide. A $125,116 home should be assessed near $76,996.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $56,104 above what the ratio math suggests (72.9%).
Step 4 · The tax rate — same for every Egg Harbor home
$2.091 Schools · 62% $0.620 County · 18% $0.689 Town · 20%
Step 5 · The bill
This home vs. every recent Egg Harbor sale · assessed ÷ market
37%126%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (70.77%) — roughly $1,908/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2535 TREMONT AVENUE | 2026-03 | $120,000 | 616 | 61.2% |
| 11 SILVER AVENUE | 2025-12 | $120,000 | 624 | 30.6% |
| 13 HEATHER CROFT | 2025-03 | $165,000 | 640 | 38.0% |
| 449 LONDON COURT II | 2025-10 | $137,500 | 644 | 50.0% |
| 505 DELAWARE AVENUE | 2026-04 | $140,000 | 530 | 45.7% |
| 270 LONDON COURT | 2025-12 | $157,900 | 662 | 41.7% |
| 309 LONDON COURT | 2025-07 | $119,000 | 662 | 55.8% |
| 270 LONDON COURT | 2025-03 | $150,000 | 662 | 43.9% |
| 2545 TREMONT AVENUE | 2025-08 | $240,000 | 672 | 38.1% |
| 16 WOODROW AVENUE | 2025-12 | $170,000 | 691 | 51.1% |
| 25 ROBIN ROAD | 2025-04 | $150,000 | 704 | 78.7% |
| 24A OXFORD VILLAGE | 2025-07 | $99,000 | 719 | 43.4% |
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