The Fair Share Report
12 E Third St
Burlington, NJ 08016
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 $147,165 – $235,935, from 12 comparable Burlington 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 Burlington assessments sit below market value — republished every October, applied town-wide. A $225,736 home should be assessed near $142,620.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $28,320 below what the ratio math suggests (19.9%).
Step 4 · The tax rate — same for every Burlington home
$2.369 Schools · 53% $0.517 County · 12% $1.555 Town · 35%
Step 5 · The bill
This home vs. every recent Burlington sale · assessed ÷ market
35%83%
Paying about right
This home's ratio lands inside Burlington'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 |
|---|---|---|---|---|
| 532 BORDENTOWN RD | 2025-10 | $235,000 | 1,406 | 47.4% |
| 783 LINCOLN AVE | 2025-11 | $210,000 | 1,432 | 53.2% |
| 129 W UNION ST | 2026-01 | $239,000 | 1,330 | 48.6% |
| 129 W UNION ST | 2025-08 | $152,000 | 1,330 | 76.4% |
| 129 W UNION ST | 2025-05 | $122,500 | 1,330 | 94.8% |
| 17 E FEDERAL ST | 2025-04 | $140,000 | 1,404 | 55.9% |
| 349 BARCLAY ST | 2025-07 | $220,000 | 1,359 | 45.8% |
| 665 WOOD ST | 2025-01 | $228,000 | 1,410 | 55.8% |
| 1205 HIGH ST | 2025-02 | $220,000 | 1,064 | 51.2% |
| 365 BARCLAY ST | 2025-10 | $150,000 | 1,304 | 64.5% |
| 228 TALBOT ST | 2025-02 | $240,000 | 1,264 | 50.3% |
| 466 LOGAN ST | 2026-03 | $140,000 | 1,334 | 63.6% |
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