The Fair Share Report
1302 Memory Ln
Folsom, NJ 08037
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 $700,065 – $811,967, from 5 comparable Folsom sales in the past 18 months, at this home's 3,096 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Folsom assessments sit below market value — republished every October, applied town-wide. A $709,500 home should be assessed near $437,620.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $99,320 below what the ratio math suggests (22.7%).
Step 4 · The tax rate — same for every Folsom home
$1.278 Schools · 54% $0.601 County · 26% $0.470 Town · 20%
Step 5 · The bill
This home vs. every recent Folsom sale · assessed ÷ market
36%76%
Keep quiet and enjoy it
This home's assessment ratio sits below the Folsom pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 3124 N PINEWOOD DR | 2025-07 | $540,000 | 2,059 | 47.5% |
| 134 FENIMORE DR | 2026-02 | $392,000 | 2,184 | 49.2% |
| 3116 N PINEWOOD DR | 2026-03 | $561,600 | 2,014 | 42.0% |
| 1214 MAYS LANDING RD | 2025-10 | $490,000 | 2,167 | 57.5% |
| 308 E COLLINGS DR | 2025-02 | $385,000 | 1,680 | 57.4% |
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