The Fair Share Report
1315 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 $351,419 – $505,743, from 12 comparable Folsom 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 Folsom assessments sit below market value — republished every October, applied town-wide. A $394,156 home should be assessed near $243,115.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,515 below what the ratio math suggests (3.5%).
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
38%76%
Paying about right
This home's ratio lands inside Folsom'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 |
|---|---|---|---|---|
| 308 E COLLINGS DR | 2025-02 | $385,000 | 1,680 | 57.4% |
| 119 E COLLINGS DR | 2026-02 | $405,000 | 1,830 | 61.8% |
| 40 PARK AVE | 2026-03 | $340,000 | 1,572 | 53.7% |
| 134 FENIMORE DR | 2026-02 | $392,000 | 2,184 | 49.2% |
| 6 14TH ST | 2026-02 | $375,000 | 1,868 | 58.2% |
| 116 LENAPE TERRACE | 2025-11 | $310,000 | 1,624 | 54.1% |
| 3124 N PINEWOOD DR | 2025-07 | $540,000 | 2,059 | 47.5% |
| 1314 MEMORY LANE | 2026-02 | $350,000 | 1,186 | 56.7% |
| 1314 MEMORY LANE | 2025-07 | $387,600 | 1,186 | 51.2% |
| 315 E COLLINGS DR | 2026-04 | $312,500 | 1,520 | 50.9% |
| 3116 N PINEWOOD DR | 2026-03 | $561,600 | 2,014 | 42.0% |
| 32 S RIVER DR | 2025-01 | $330,000 | 1,200 | 62.6% |
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