The Fair Share Report
18 E Third St
Burlington, 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 $198,279 – $262,565, from 12 comparable Burlington 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 Burlington assessments sit below market value — republished every October, applied town-wide. A $225,054 home should be assessed near $142,189.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,589 below what the ratio math suggests (23.6%).
Step 4 · The tax rate — same for every Burlington home
$2.369 Schools · 53% $0.517 County · 12% $1.555 Town · 35%
Step 5 · The bill
This home vs. every recent Burlington sale · assessed ÷ market
35%82%
Paying about right
This home's ratio lands inside Burlington'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 |
|---|---|---|---|---|
| 318 MOTT AVE | 2026-03 | $230,000 | 1,302 | 40.0% |
| 532 BORDENTOWN RD | 2025-10 | $235,000 | 1,406 | 47.4% |
| 910 WOODLAND AVE | 2025-06 | $270,000 | 1,359 | 51.9% |
| 665 WOOD ST | 2025-01 | $228,000 | 1,410 | 55.8% |
| 104 JUNIPER ST | 2026-01 | $239,000 | 1,118 | 50.3% |
| 434 HULME ST | 2025-08 | $117,000 | 1,105 | 88.2% |
| 322 ELM AVE | 2025-06 | $332,000 | 1,648 | 47.0% |
| 33 MORRIS ST | 2026-03 | $199,000 | 1,252 | 63.5% |
| 1045 BORDENTOWN RD | 2025-03 | $260,000 | 1,315 | 55.4% |
| 424 HULME ST | 2025-05 | $241,500 | 1,532 | 66.7% |
| 244 FERNWOOD AVE | 2025-08 | $315,000 | 1,172 | 50.2% |
| 257 ELM AVE | 2025-06 | $175,000 | 1,427 | 94.2% |
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