The Fair Share Report
15 Cherry St
Oldmans, NJ 08067
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 $107,500 – $293,480, from 7 comparable Oldmans sales in the past 18 months.
Step 2 · The Director's Ratio
The state's official measure of how far Oldmans assessments sit below market value — republished every October, applied town-wide. A $216,000 home should be assessed near $174,290.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,490 below what the ratio math suggests (25.5%).
Step 4 · The tax rate — same for every Oldmans home
$1.223 Schools · 45% $1.279 County · 47% $0.197 Town · 7%
Step 5 · The bill
This home vs. every recent Oldmans sale · assessed ÷ market
39%126%
Paying about right
This home's ratio lands inside Oldmans'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 |
|---|---|---|---|---|
| 48 S RAILROAD AVE | 2025-06 | $107,500 | 1,010 | 163.3% |
| 34 MAIN ST AUBURN | 2025-12 | $293,480 | 2,134 | 60.9% |
| 33 N RAILROAD AVE | 2026-03 | $105,000 | 1,310 | 117.4% |
| 52 NEW RD | 2025-06 | $320,000 | 1,683 | 79.8% |
| 1 DONNA DR | 2026-06 | $246,000 | 936 | 46.8% |
| 19 DONNA DR | 2025-03 | $120,000 | 1,131 | 108.8% |
| 83 PENNSVL-PEDRICKTN RD | 2025-02 | $216,000 | 960 | 72.1% |
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