The Fair Share Report
150 E 3rd Ave
Runnemede, NJ 08078
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 $254,380 – $315,185, from 12 comparable Runnemede 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 Runnemede assessments sit below market value — republished every October, applied town-wide. A $286,713 home should be assessed near $157,549.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,649 below what the ratio math suggests (28.3%).
Step 4 · The tax rate — same for every Runnemede home
$2.421 Schools · 51% $0.953 County · 20% $1.406 Town · 29%
Step 5 · The bill
This home vs. every recent Runnemede sale · assessed ÷ market
30%70%
Paying about right
This home's ratio lands inside Runnemede'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 |
|---|---|---|---|---|
| 4 PAYNE AVE | 2025-06 | $310,000 | 984 | 38.8% |
| 424 CENTER AVE | 2025-10 | $320,000 | 1,008 | 38.5% |
| 108 SCHUBERT AVE | 2025-12 | $251,000 | 952 | 47.2% |
| 499 LAKEVIEW DR | 2026-05 | $320,125 | 912 | 39.1% |
| 415 CENTER AVE | 2025-09 | $325,000 | 1,112 | 45.2% |
| 351 FAY ANN CT | 2025-02 | $274,500 | 988 | 44.2% |
| 429 W 1ST AVE | 2025-08 | $239,400 | 948 | 51.5% |
| 242 SUNSET RD | 2025-04 | $260,000 | 940 | 37.6% |
| 120 E 4TH AVE | 2026-06 | $280,000 | 985 | 40.6% |
| 60 N OAKLAND AVE | 2026-03 | $260,000 | 1,008 | 47.7% |
| 413 W 1ST AVE | 2025-11 | $370,000 | 1,064 | 36.2% |
| 407 W 1ST AVE | 2025-08 | $313,000 | 1,064 | 41.4% |
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