The Fair Share Report
15 E 8th Ave
Pine Hill, NJ 08028
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 $318,568 – $467,780, from 12 comparable Pine Hill sales in the past 18 months, at this home's 2,131 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Pine Hill assessments sit below market value — republished every October, applied town-wide. A $391,728 home should be assessed near $202,680.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $143,220 above what the ratio math suggests (70.7%).
Step 4 · The tax rate — same for every Pine Hill home
$2.893 Schools · 53% $1.075 County · 20% $1.539 Town · 28%
This home's own bill implies $1.791 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Pine Hill sale · assessed ÷ market
68%130%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (59.50%) — roughly $7,887/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 165 ERIAL RD | 2025-01 | $150,000 | 2,052 | 155.5% |
| 1 KING GEORGE ROAD | 2025-06 | $470,000 | 2,139 | 96.9% |
| 105 FRANKLIN AVE | 2025-01 | $365,000 | 2,184 | 97.4% |
| 205 FRANKLIN AVE | 2026-02 | $380,000 | 1,960 | 98.5% |
| 6 MASON COURT | 2026-04 | $402,000 | 2,216 | 80.6% |
| 16 E 7TH AVE | 2026-02 | $190,000 | 1,699 | 157.2% |
| 40 MAC KNIGHT DRIVE | 2026-01 | $399,900 | 1,587 | 91.0% |
| 108 E 12TH AVE | 2026-01 | $270,000 | 1,230 | 87.8% |
| 17 FRANKLIN AVE | 2026-05 | $350,000 | 1,760 | 100.1% |
| 10 MASON CT | 2026-04 | $270,000 | 2,231 | 126.2% |
| 6 FRANKLIN AVE | 2025-04 | $276,262 | 1,848 | 129.6% |
| 55 E 8TH AVE | 2025-03 | $337,500 | 1,836 | 106.0% |
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