The Fair Share Report
18 Mitchell Ave
Runnemede, NJ 08078
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 $250,315 – $330,256, from 12 comparable Runnemede 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 Runnemede assessments sit below market value — republished every October, applied town-wide. A $303,499 home should be assessed near $166,773.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,573 below what the ratio math suggests (14.7%).
Step 4 · The tax rate — same for every Runnemede home
$2.421 Schools · 51% $0.953 County · 20% $1.406 Town · 29%
Step 5 · The bill
This home vs. every recent Runnemede sale · assessed ÷ market
33%70%
Paying about right
This home's ratio lands inside Runnemede'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 |
|---|---|---|---|---|
| 12 E 10TH AVE | 2025-10 | $252,000 | 1,276 | 50.8% |
| 411 CENTER AVE | 2026-03 | $205,000 | 1,267 | 64.7% |
| 37 KNIGHT AVE | 2025-10 | $353,000 | 1,320 | 37.4% |
| 37 KNIGHT AVE | 2025-06 | $215,000 | 1,320 | 61.4% |
| 221 CHESTNUT ST | 2025-08 | $300,000 | 1,224 | 42.2% |
| 329 UNION AVE | 2026-02 | $295,000 | 1,332 | 46.7% |
| 205 LINDSEY AVE | 2025-08 | $375,000 | 1,330 | 33.3% |
| 125 ARDMORE AVE | 2025-06 | $305,000 | 1,380 | 45.4% |
| 208 SCHUBERT AVE | 2025-04 | $331,000 | 1,312 | 47.6% |
| 200 KNIGHT AVE | 2025-12 | $337,000 | 1,348 | 43.8% |
| 200 KNIGHT AVE | 2025-01 | $326,000 | 1,348 | 45.3% |
| 45 KNIGHT AVE | 2025-06 | $341,000 | 1,464 | 40.9% |
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