The Fair Share Report
16 Aster Dr
Gloucester, NJ 07506
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 $477,823 – $571,097, from 12 comparable Gloucester 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 Gloucester assessments sit below market value — republished every October, applied town-wide. A $524,503 home should be assessed near $298,704.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,804 below what the ratio math suggests (8.3%).
Step 4 · The tax rate — same for every Gloucester home
$1.890 Schools · 45% $0.949 County · 23% $1.339 Town · 32%
Step 5 · The bill
This home vs. every recent Gloucester sale · assessed ÷ market
35%74%
Paying about right
This home's ratio lands inside Gloucester'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 |
|---|---|---|---|---|
| 8 AUTUMN COURT | 2025-08 | $555,000 | 2,380 | 52.5% |
| 10 CHARLES AVENUE | 2025-08 | $615,000 | 2,390 | 39.7% |
| 7 HIGH WOODS AVENUE | 2025-04 | $550,000 | 2,376 | 44.9% |
| 50 EAST MEADOWBROOK CIRCL | 2026-01 | $509,000 | 2,364 | 45.1% |
| 33 ANNAPOLIS DRIVE | 2025-11 | $522,600 | 2,474 | 46.8% |
| 16 CHARLES AVENUE | 2025-10 | $555,000 | 2,244 | 52.0% |
| 8 ANNAPOLIS DRIVE | 2025-07 | $467,000 | 2,440 | 56.4% |
| 12 SAYRE DRIVE | 2025-05 | $536,000 | 2,600 | 48.1% |
| 4 TEAKWOOD LANE | 2025-07 | $430,000 | 2,296 | 58.9% |
| 72 LARKSPUR CIRCLE | 2025-07 | $520,000 | 2,260 | 47.7% |
| 9 BAINBRIDGE COURT | 2025-03 | $535,000 | 2,478 | 50.9% |
| 19 HIGH WOODS AVENUE | 2025-09 | $505,000 | 2,286 | 46.6% |
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