The Fair Share Report
12 Morrison Dr
Delanco, NJ 08075
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
A touch high — but not appeal-worthy
Above most of Delanco, but below NJ's legal appeal line (70.16%), where a case becomes winnable.
Step 1 · Market value
Likely range $417,022 – $528,712, from 12 comparable Delanco sales in the past 18 months, at this home's 2,430 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Delanco assessments sit below market value — republished every October, applied town-wide. A $463,826 home should be assessed near $282,980.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,120 above what the ratio math suggests (11.0%).
Step 4 · The tax rate — same for every Delanco home
$1.820 Schools · 51% $0.541 County · 15% $1.222 Town · 34%
Step 5 · The bill
This home vs. every recent Delanco sale · assessed ÷ market
39%81%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 6 PRESTON LANE | 2026-03 | $505,000 | 2,418 | 60.6% |
| 33 WALTON WAY | 2025-04 | $500,000 | 2,418 | 62.9% |
| 10 FAWN COURT | 2025-10 | $370,000 | 2,156 | 57.3% |
| 12 FAWN COURT | 2025-12 | $393,000 | 2,146 | 53.3% |
| 6 FAWN COURT | 2026-03 | $389,000 | 2,134 | 48.8% |
| 39 PENNINGTON COURT | 2025-09 | $515,000 | 2,344 | 49.1% |
| 15 SWAN COURT | 2025-09 | $366,000 | 2,156 | 57.1% |
| 67 PENNINGTON COURT | 2026-03 | $515,000 | 2,344 | 53.0% |
| 36 WALTON WAY | 2025-06 | $480,000 | 2,155 | 59.1% |
| 25 PENNINGTON COURT | 2025-07 | $510,000 | 2,344 | 51.2% |
| 9 SWAN COURT | 2025-06 | $379,000 | 2,112 | 52.9% |
| 4 TURTLE COURT | 2025-01 | $329,900 | 2,124 | 57.3% |
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