The Fair Share Report
1308 Eldridge Ave
Haddon, NJ 08002
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.
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Step 1 · Market value
Likely range $289,872 – $397,629, from 12 comparable Haddon 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 Haddon assessments sit below market value — republished every October, applied town-wide. A $345,381 home should be assessed near $361,407.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $149,107 below what the ratio math suggests (41.3%).
Step 4 · The tax rate — same for every Haddon home
$1.188 Schools · 55% $0.544 County · 25% $0.447 Town · 21%
Step 5 · The bill
This home vs. every recent Haddon sale · assessed ÷ market
48%116%
Keep quiet and enjoy it
This home's assessment ratio sits below the Haddon 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 |
|---|---|---|---|---|
| 224 MORGAN AVE | 2025-01 | $485,000 | 1,040 | 81.6% |
| 301 UTICA AVE | 2025-05 | $330,000 | 1,020 | 105.1% |
| 23 E HOLLY AVE | 2026-01 | $415,000 | 1,080 | 76.1% |
| 25 GOLDEN AVE | 2025-10 | $230,000 | 1,125 | 106.7% |
| 128 MARSHALL AVE | 2025-04 | $313,500 | 944 | 86.2% |
| 8 LINDIS FARNE AVE | 2025-03 | $367,000 | 984 | 97.1% |
| 212 E LINDEN AVE | 2025-10 | $452,000 | 1,008 | 83.6% |
| 225-1/2 EMERALD AVE | 2025-05 | $345,000 | 1,209 | 89.8% |
| 119 FRENCH AVE | 2026-04 | $401,500 | 1,216 | 74.0% |
| 15 W CUTHBERT BLVD | 2025-04 | $288,900 | 1,187 | 121.9% |
| 120 E ORMOND AVE | 2026-05 | $410,000 | 1,222 | 84.2% |
| 122 E PARK AVE | 2025-09 | $280,000 | 1,213 | 113.3% |
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