The Fair Share Report

18 E Mill St

Oldmans, NJ 08067

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

≈ $358,667

Likely range $178,905 – $457,143, from 8 comparable Oldmans sales in the past 18 months, at this home's 2,608 sq ft.

Step 2 · The Director's Ratio

80.69%

The state's official measure of how far Oldmans assessments sit below market value — republished every October, applied town-wide. A $358,667 home should be assessed near $289,408.

Step 3 · Assessed value

$231,200

Set at the last town-wide revaluation and mostly frozen since. That's $58,208 below what the ratio math suggests (20.1%).

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

$2.699 per $100 assessed

$1.223 Schools · 45% $1.279 County · 47% $0.197 Town · 7%

Step 5 · The bill

$6,240/yr
Public schools$2,828
Salem County$2,957
Town of Oldmans$455
Oldmans average$5,627

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

Town median 72.1%
This home · 64.5%

43%135%

Paying about right

This home's ratio lands inside Oldmans'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
34 MAIN ST AUBURN2025-12$293,4802,13460.9%
8-8A PEDRICKTN-WOODSTN RD2025-08$165,0002,726115.3%
8-8A PEDRICKTN-WOODSTN RD2025-02$187,0002,726101.8%
52 NEW RD2025-06$320,0001,68379.8%
102 PENNSVL-PEDRICKTN RD2026-03$350,0002,19270.3%
93 PENNSVL-PEDRICKTN RD2025-08$324,0001,49666.0%
33 N RAILROAD AVE2026-03$105,0001,310117.4%
52 PEDRICKTN-WOODSTN RD2024-12$400,0002,28279.0%

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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 →