The Fair Share Report
1058 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 $290,312 – $381,783, 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 $350,231 home should be assessed near $204,675.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $60,975 below what the ratio math suggests (29.8%).
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
32%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 |
|---|---|---|---|---|
| 101 EAGLE LN | 2025-03 | $335,000 | 1,344 | 44.3% |
| 763 OAK AVE | 2025-12 | $300,000 | 1,512 | 55.1% |
| 32 CERTAIN AVE | 2025-05 | $299,900 | 1,150 | 51.1% |
| 6520 LAKE RD | 2025-09 | $356,000 | 1,341 | 46.6% |
| 48 LAY DR | 2026-01 | $250,000 | 1,108 | 60.0% |
| 939 GARRISON RD | 2025-04 | $325,000 | 1,152 | 52.3% |
| 225 MALAGA PARK DR | 2025-04 | $365,000 | 1,392 | 56.0% |
| 1234 WILLIAMSTOWN RD | 2025-01 | $325,000 | 1,458 | 58.0% |
| 52 HOWARD AVE | 2025-06 | $324,900 | 1,442 | 47.2% |
| 15 MCCURDY AVE | 2025-05 | $370,000 | 1,240 | 51.8% |
| 80 HALE AVE | 2026-04 | $308,000 | 1,480 | 43.3% |
| 32 FIFTH ST | 2026-03 | $402,000 | 1,432 | 45.3% |
Is this your house?
Run your own report →