The Fair Share Report
116 E 4th 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 $254,242 – $356,064, 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 $294,244 home should be assessed near $161,687.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,287 below what the ratio math suggests (9.5%).
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 |
|---|---|---|---|---|
| 641 DETTMAR TER | 2025-03 | $390,000 | 1,445 | 39.4% |
| 653 DETTMAR TERRACE | 2025-09 | $374,900 | 1,445 | 39.7% |
| 209 HOLLY AVE | 2024-12 | $325,250 | 1,584 | 48.1% |
| 308 SMITH LN | 2026-02 | $310,000 | 1,560 | 51.8% |
| 681 DETTMAR TER | 2025-05 | $335,000 | 1,524 | 43.1% |
| 604 WILLIAMS AVE | 2025-03 | $300,000 | 1,524 | 50.7% |
| 605 WILLIAMS AVE | 2025-01 | $276,000 | 1,524 | 54.4% |
| 642 CENTRAL AVE | 2025-12 | $259,000 | 1,491 | 57.1% |
| 688 DETTMAR TER | 2025-07 | $295,000 | 1,524 | 51.5% |
| 641 SINGLEY AVE | 2025-04 | $370,000 | 1,524 | 35.6% |
| 600 WILLIAMS AVE | 2025-12 | $350,000 | 1,520 | 43.6% |
| 613 WILLIAMS TER | 2025-12 | $325,000 | 1,524 | 43.9% |
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