The Fair Share Report

160 Compromise Rd

Mannington, NJ 08079

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.

Step 1 · Market value

≈ $293,384

Likely range $202,239 – $409,003, from 6 comparable Mannington sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

80.22%

The state's official measure of how far Mannington assessments sit below market value — republished every October, applied town-wide. A $293,384 home should be assessed near $235,353.

Step 3 · Assessed value

$178,300

Set at the last town-wide revaluation and mostly frozen since. That's $57,053 below what the ratio math suggests (24.2%).

Step 4 · The tax rate — same for every Mannington home

$3.559 per $100 assessed

$2.026 Schools · 56% $1.278 County · 35% $0.299 Town · 8%

This home's own bill implies $3.297 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$5,878/yr
Public schools$3,305
Salem County$2,085
Town of Mannington$488
Mannington average$7,073

This home vs. every recent Mannington sale · assessed ÷ market

Town median 58.7%
This home · 60.8%

36%98%

Paying about right

This home's ratio lands inside Mannington's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
81 CHENEY RD2025-08$202,0001,30080.6%
67 COMPROMISE RD2026-04$294,0001,00849.1%
204 COMPROMISE RD2025-12$312,5001,50458.7%
111 HACKETT RD2025-11$452,5001,65041.4%
60 MANN-YORKETOWN RD2025-11$176,0281,30579.6%
222 ROUTE 452025-11$346,0001,62050.5%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →