The Fair Share Report
111 E 3rd Ave
Runnemede, NJ 08078
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 $204,110 – $302,341, from 12 comparable Runnemede 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 Runnemede assessments sit below market value — republished every October, applied town-wide. A $277,366 home should be assessed near $152,413.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,113 below what the ratio math suggests (23.7%).
Step 4 · The tax rate — same for every Runnemede home
$2.421 Schools · 51% $0.953 County · 20% $1.406 Town · 29%
Step 5 · The bill
This home vs. every recent Runnemede sale · assessed ÷ market
33%70%
Paying about right
This home's ratio lands inside Runnemede'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 |
|---|---|---|---|---|
| 117 PINE AVE | 2025-05 | $295,000 | 1,118 | 37.3% |
| 880 ORCHARD AVE | 2025-01 | $228,000 | 1,122 | 55.4% |
| 120 E 4TH AVE | 2026-06 | $280,000 | 985 | 40.6% |
| 242 SUNSET RD | 2025-04 | $260,000 | 940 | 37.6% |
| 327 BOWERS AVE | 2025-05 | $265,000 | 1,198 | 44.1% |
| 23 BOWERS AVE | 2025-08 | $241,000 | 1,189 | 48.7% |
| 424 CENTER AVE | 2025-10 | $320,000 | 1,008 | 38.5% |
| 17 BOWERS AVE | 2026-04 | $232,500 | 1,248 | 53.6% |
| 17 BOWERS AVE | 2026-02 | $179,500 | 1,248 | 69.4% |
| 311 BOWERS AVE | 2026-05 | $309,000 | 872 | 36.1% |
| 415 CENTER AVE | 2025-09 | $325,000 | 1,112 | 45.2% |
| 4 PAYNE AVE | 2025-06 | $310,000 | 984 | 38.8% |
Is this your house?
Run your own report →