The Fair Share Report
127 Park Ave
Gloucester, NJ 08080
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 $137,552 – $240,217, from 12 comparable Gloucester City sales in the past 18 months, at this home's 884 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Gloucester City assessments sit below market value — republished every October, applied town-wide. A $152,389 home should be assessed near $86,557.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $843 above what the ratio math suggests (1.0%).
Step 4 · The tax rate — same for every Gloucester City home
$1.323 Schools · 25% $0.921 County · 17% $3.048 Town · 58%
This home's own bill implies $5.007 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Gloucester City sale · assessed ÷ market
26%71%
Paying about right
This home's ratio lands inside Gloucester City'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 |
|---|---|---|---|---|
| 139 GEHRIG AVE | 2025-12 | $235,000 | 816 | 52.8% |
| 328 JERSEY AVE | 2026-02 | $170,000 | 1,038 | 23.5% |
| 17 BARLOW AVE | 2026-03 | $150,000 | 964 | 66.9% |
| 17 UNIVERSITY AVE | 2025-06 | $235,000 | 798 | 48.0% |
| 821 CUMBERLAND ST | 2025-04 | $190,000 | 960 | 46.0% |
| 938 MERCER ST | 2025-02 | $251,000 | 850 | 50.0% |
| 28 BARNARD AVE | 2025-01 | $200,000 | 736 | 49.3% |
| 805 MERCER ST | 2025-01 | $195,000 | 1,002 | 63.4% |
| 326 MORRIS ST | 2025-04 | $135,000 | 812 | 37.5% |
| 404 HUDSON ST | 2026-03 | $212,000 | 1,224 | 38.8% |
| 404 HUDSON ST | 2025-10 | $150,000 | 1,224 | 54.8% |
| 406 HUDSON ST | 2025-09 | $211,000 | 1,224 | 31.4% |
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