The Fair Share Report
114 Ely 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 $261,211 – $327,558, 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 $305,029 home should be assessed near $178,259.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,259 below what the ratio math suggests (6.3%).
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
37%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 |
|---|---|---|---|---|
| 32 CERTAIN AVE | 2025-05 | $299,900 | 1,150 | 51.1% |
| 703 WILLOW GROVE RD | 2025-08 | $400,000 | 1,469 | 41.7% |
| 2382 N BLUE BELL RD | 2025-12 | $480,000 | 1,573 | 50.1% |
| 2047 DUTCH MILL RD | 2025-01 | $360,000 | 1,008 | 51.7% |
| 1921 JANVIER RD | 2025-11 | $240,000 | 1,088 | 64.6% |
| 1050 PORCHTOWN RD | 2025-03 | $245,000 | 1,092 | 59.0% |
| 2673 MAIN RD | 2025-03 | $385,000 | 1,404 | 40.3% |
| 6374 LAKE RD | 2025-11 | $220,000 | 1,334 | 76.7% |
| 3119 COLES MILL RD | 2025-02 | $270,000 | 1,252 | 53.7% |
| 2428 N BLUE BELL RD | 2026-05 | $400,000 | 1,716 | 56.0% |
| 2458 TUCKAHOE RD | 2025-02 | $500,000 | 1,340 | 41.4% |
| 939 GARRISON RD | 2025-04 | $325,000 | 1,152 | 52.3% |
Is this your house?
Run your own report →