The Fair Share Report
151 E Delaware Ave
Pennington, NJ 08534
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 $661,120 – $988,168, from 12 comparable Pennington 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 Pennington assessments sit below market value — republished every October, applied town-wide. A $772,331 home should be assessed near $541,481.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $110,719 above what the ratio math suggests (20.4%).
Step 4 · The tax rate — same for every Pennington home
$1.932 Schools · 58% $0.745 County · 23% $0.630 Town · 19%
Step 5 · The bill
This home vs. every recent Pennington sale · assessed ÷ market
48%104%
Paying about right
This home's ratio lands inside Pennington'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 |
|---|---|---|---|---|
| 27 BALDWIN ST | 2025-09 | $1,075,000 | 2,313 | 58.1% |
| 35 BALDWIN ST | 2025-07 | $1,025,000 | 2,606 | 64.1% |
| 30 BALDWIN ST | 2026-06 | $800,000 | 2,617 | 67.0% |
| 7 LANING AVE. | 2025-12 | $750,000 | 2,880 | 88.3% |
| 20 PARK AVE | 2025-12 | $535,000 | 2,289 | 82.7% |
| 20 PARK AVE | 2025-12 | $450,000 | 2,289 | 98.3% |
| 2 BALDWIN COURT | 2026-03 | $950,000 | 1,898 | 60.8% |
| 224 KING GEORGE RD. | 2025-10 | $1,175,000 | 3,162 | 60.0% |
| 7 CHADWELL COURT | 2025-07 | $1,299,100 | 3,042 | 47.8% |
| 11 BALDWIN ST | 2026-04 | $868,000 | 2,228 | 62.3% |
| 11 BALDWIN ST | 2025-07 | $825,000 | 2,228 | 65.6% |
| 24 OLD FOUNDRY DRIVE | 2025-04 | $710,000 | 2,490 | 69.9% |
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