The Fair Share Report
150 Ely Ave
Franklin, NJ 08322
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 $413,942 – $512,651, from 12 comparable Franklin sales in the past 18 months, at this home's 1,680 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Franklin assessments sit below market value — republished every October, applied town-wide. A $467,989 home should be assessed near $273,493.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,693 below what the ratio math suggests (6.1%).
Step 4 · The tax rate — same for every Franklin home
$2.153 Schools · 58% $0.732 County · 20% $0.856 Town · 23%
Step 5 · The bill
This home vs. every recent Franklin sale · assessed ÷ market
37%74%
Paying about right
This home's ratio lands inside Franklin'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 |
|---|---|---|---|---|
| 647 CLARK AVE | 2025-03 | $555,000 | 1,788 | 46.8% |
| 2428 N BLUE BELL RD | 2026-05 | $400,000 | 1,716 | 56.0% |
| 2382 N BLUE BELL RD | 2025-12 | $480,000 | 1,573 | 50.1% |
| 111 HOWARD AVE | 2025-07 | $435,000 | 1,508 | 64.6% |
| 955 FEDERAL AVE | 2026-05 | $410,000 | 1,664 | 51.6% |
| 2333 TUCKAHOE RD | 2025-09 | $590,000 | 2,118 | 44.5% |
| 2455 GRANT AVE | 2025-08 | $395,000 | 1,550 | 49.8% |
| 703 WILLOW GROVE RD | 2025-08 | $400,000 | 1,469 | 41.7% |
| 4314 TUCKAHOE RD | 2025-07 | $315,000 | 1,527 | 47.8% |
| 2520 VICTORIA AVE | 2025-08 | $385,000 | 1,392 | 58.4% |
| 396 TAYLOR RD | 2025-03 | $585,000 | 2,040 | 46.9% |
| 181 ROOSEVELT AVE | 2026-05 | $480,000 | 1,648 | 42.4% |
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