The Fair Share Report
1602 Second St
Delanco, NJ 08075
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 $318,666 – $636,195, from 12 comparable Delanco sales in the past 18 months, at this home's 2,924 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Delanco assessments sit below market value — republished every October, applied town-wide. A $549,203 home should be assessed near $335,069.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $150,731 above what the ratio math suggests (45.0%).
Step 4 · The tax rate — same for every Delanco home
$1.820 Schools · 51% $0.541 County · 15% $1.222 Town · 34%
Step 5 · The bill
This home vs. every recent Delanco sale · assessed ÷ market
39%158%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (70.16%) — roughly $5,401/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 222 MAGNOLIA LANE | 2026-02 | $292,500 | 2,773 | 82.1% |
| 222 MAGNOLIA LANE | 2026-01 | $220,000 | 2,773 | 109.1% |
| 306 FENIMORE LANE | 2025-08 | $470,306 | 2,604 | 55.8% |
| 77 PENNINGTON COURT | 2026-01 | $540,000 | 2,875 | 55.0% |
| 206 FENIMORE LANE | 2025-09 | $465,000 | 2,248 | 51.7% |
| 320 WALTER AVE | 2025-06 | $330,000 | 3,028 | 50.6% |
| 315 BURLINGTON AVE | 2025-12 | $490,000 | 2,688 | 39.5% |
| 317-319 WALNUT ST | 2025-07 | $417,000 | 2,560 | 53.7% |
| 101 MAPLE AVENUE | 2025-07 | $675,000 | 2,130 | 52.6% |
| 8 MCCAY WAY | 2025-09 | $515,000 | 2,353 | 55.2% |
| 72 EAST SHIPP'S WAY | 2025-11 | $456,000 | 2,389 | 56.1% |
| 307 BURLINGTON AVE | 2025-09 | $395,000 | 1,950 | 54.0% |
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