The Fair Share Report
1016 E Ave
Franklin, NJ 08322
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 $249,250 – $328,878, from 12 comparable Franklin 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 Franklin assessments sit below market value — republished every October, applied town-wide. A $298,335 home should be assessed near $174,347.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,247 below what the ratio math suggests (24.8%).
Step 4 · The tax rate — same for every Franklin home
$2.153 Schools · 58% $0.732 County · 20% $0.856 Town · 23%
Step 5 · The bill
This home vs. every recent Franklin sale · assessed ÷ market
34%74%
Paying about right
This home's ratio lands inside Franklin'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 |
|---|---|---|---|---|
| 1717 COLES MILL RD | 2025-03 | $285,000 | 1,215 | 52.2% |
| 462 MAIN RD | 2026-06 | $165,000 | 1,096 | 70.6% |
| 678 PROPOSED AVE | 2025-05 | $310,000 | 1,071 | 44.1% |
| 1657 DELSEA DR | 2025-01 | $100,000 | 1,460 | 119.5% |
| 2792 BIRCH AVE | 2025-01 | $300,000 | 1,120 | 56.9% |
| 1050 PORCHTOWN RD | 2025-03 | $245,000 | 1,092 | 59.0% |
| 32 CERTAIN AVE | 2025-05 | $299,900 | 1,150 | 51.1% |
| 1232 PENNSYLVANIA AVE | 2026-05 | $250,000 | 1,050 | 36.2% |
| 1599 FOREST GROVE RD | 2025-12 | $260,000 | 1,248 | 50.5% |
| 1554 FLORA RD | 2026-05 | $293,000 | 1,068 | 49.7% |
| 939 GARRISON RD | 2025-04 | $325,000 | 1,152 | 52.3% |
| 399 FRIES MILL RD | 2025-11 | $250,000 | 882 | 49.0% |
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