The Fair Share Report
140 Atlantic St
Gloucester, NJ 08030
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 $135,798 – $190,966, from 12 comparable Gloucester City sales in the past 18 months, at this home's 808 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 $148,658 home should be assessed near $84,438.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,038 below what the ratio math suggests (22.5%).
Step 4 · The tax rate — same for every Gloucester City home
$1.323 Schools · 25% $0.921 County · 17% $3.048 Town · 58%
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 |
|---|---|---|---|---|
| 344 MIDDLESEX ST | 2026-05 | $170,000 | 930 | 60.3% |
| 911 GEORGE ST | 2026-04 | $170,000 | 924 | 34.3% |
| 142 ATLANTIC ST | 2026-05 | $210,000 | 1,144 | 30.7% |
| 208 MORRIS ST | 2026-04 | $190,000 | 952 | 27.1% |
| 206 MORRIS ST | 2026-01 | $225,000 | 952 | 24.4% |
| 206 MORRIS ST | 2025-01 | $160,000 | 952 | 34.3% |
| 855-1/2 CUMBERLAND ST | 2025-01 | $159,000 | 809 | 31.9% |
| 325 S BROADWAY | 2025-12 | $198,000 | 834 | 21.7% |
| 139 GEHRIG AVE | 2025-12 | $235,000 | 816 | 52.8% |
| 503 S BROADWAY | 2025-01 | $210,000 | 888 | 49.7% |
| 207 CUMBERLAND ST | 2025-11 | $170,900 | 962 | 27.4% |
| 248 S BROADWAY | 2025-05 | $102,000 | 972 | 65.0% |
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