The Fair Share Report
15 E Third St
Burlington, NJ 08016
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 $250,715 – $321,528, from 12 comparable Burlington 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 Burlington assessments sit below market value — republished every October, applied town-wide. A $282,276 home should be assessed near $178,342.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,642 below what the ratio math suggests (10.5%).
Step 4 · The tax rate — same for every Burlington home
$2.369 Schools · 53% $0.517 County · 12% $1.555 Town · 35%
Step 5 · The bill
This home vs. every recent Burlington sale · assessed ÷ market
35%82%
Paying about right
This home's ratio lands inside Burlington'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 |
|---|---|---|---|---|
| 532 BORDENTOWN RD | 2025-10 | $235,000 | 1,406 | 47.4% |
| 257 ELM AVE | 2025-06 | $175,000 | 1,427 | 94.2% |
| 923 LINCOLN AVE | 2025-01 | $295,000 | 1,820 | 56.7% |
| 424 HULME ST | 2025-05 | $241,500 | 1,532 | 66.7% |
| 932 WOODLAND AVE | 2025-08 | $235,000 | 1,632 | 64.1% |
| 781 SALEM RD | 2025-12 | $355,000 | 1,935 | 57.5% |
| 289 GLENWOOD AVE | 2025-06 | $360,000 | 1,804 | 54.6% |
| 417 HULME ST | 2025-04 | $260,000 | 1,494 | 46.0% |
| 1033 SALEM RD | 2025-07 | $385,000 | 1,582 | 53.2% |
| 317 ELM AVE | 2025-11 | $390,000 | 2,006 | 54.5% |
| 710 ROUTE 130(CAMDEN AVE) | 2025-11 | $265,000 | 1,543 | 53.3% |
| 444 W BROAD ST | 2025-05 | $290,000 | 1,566 | 43.8% |
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