The Fair Share Report
16 Third St
Brooklawn, NJ 08030
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 $214,491 – $262,204, from 12 comparable Brooklawn sales in the past 18 months, at this home's 1,168 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Brooklawn assessments sit below market value — republished every October, applied town-wide. A $249,573 home should be assessed near $133,397.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,097 below what the ratio math suggests (21.8%).
Step 4 · The tax rate — same for every Brooklawn home
$1.451 Schools · 33% $0.930 County · 21% $2.052 Town · 46%
Step 5 · The bill
This home vs. every recent Brooklawn sale · assessed ÷ market
30%67%
Paying about right
This home's ratio lands inside Brooklawn'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 |
|---|---|---|---|---|
| 302 NEW JERSEY RD | 2025-08 | $248,900 | 1,150 | 41.5% |
| 226 S HANNEVIG AVE | 2025-06 | $274,995 | 1,198 | 35.0% |
| 406 CHESTNUT ST | 2025-06 | $270,000 | 1,118 | 40.0% |
| 216 S HANNEVIG AVE | 2025-02 | $230,143 | 1,081 | 38.1% |
| 405 HAAKON RD | 2025-12 | $264,000 | 1,439 | 44.4% |
| 309 PARIS AVE | 2025-07 | $210,000 | 976 | 44.8% |
| 115 S WILSON AVE | 2025-05 | $220,000 | 1,198 | 43.6% |
| 411 CRESCENT BLVD | 2025-01 | $210,000 | 1,036 | 39.8% |
| 413 PARIS AVE | 2025-06 | $205,000 | 1,080 | 42.0% |
| 303 NEW BROADWAY | 2026-05 | $157,000 | 1,078 | 57.3% |
| 407 CRESCENT BLVD | 2025-04 | $250,000 | 1,170 | 39.9% |
| 110 FIFTH ST | 2026-05 | $260,000 | 1,152 | 45.4% |
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