The Fair Share Report
1307 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 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.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since.
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
The record, in full
Not enough closely-comparable recent sales in Folsom for a fairness verdict — the town's current median assessment ratio is 54.1%.
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% |
| 3116 N PINEWOOD DR | 2026-03 | $561,600 | 2,014 | 42.0% |
| 134 FENIMORE DR | 2026-02 | $392,000 | 2,184 | 49.2% |
| 1214 MAYS LANDING RD | 2025-10 | $490,000 | 2,167 | 57.5% |
Is this your house?
Run your own report →