The Fair Share Report
18 Third St
Franklin, NJ 08322
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 $287,481 – $397,214, from 12 comparable Franklin 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 Franklin assessments sit below market value — republished every October, applied town-wide. A $364,418 home should be assessed near $212,966.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,134 above what the ratio math suggests (0.5%).
Step 4 · The tax rate — same for every Franklin home
$2.153 Schools · 58% $0.732 County · 20% $0.856 Town · 23%
Step 5 · The bill
This home vs. every recent Franklin sale · assessed ÷ market
37%80%
Paying about right
This home's ratio lands inside Franklin'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 |
|---|---|---|---|---|
| 183 NELSON AVE | 2025-12 | $349,000 | 1,924 | 45.8% |
| 1237 PORCHTOWN RD | 2025-10 | $240,000 | 2,263 | 68.2% |
| 536 KESSEL AVE | 2025-08 | $260,000 | 1,576 | 52.5% |
| 1612 DELSEA DR | 2026-06 | $275,000 | 1,603 | 52.1% |
| 66 LAY DR | 2025-10 | $374,900 | 1,932 | 48.1% |
| 3348 MAIN RD | 2025-11 | $295,000 | 2,016 | 62.2% |
| 615 GEORGE ST | 2025-01 | $240,000 | 1,612 | 53.0% |
| 308 OAK AVE | 2025-06 | $397,000 | 1,920 | 44.5% |
| 3338 DELSEA DR | 2025-02 | $240,000 | 1,612 | 61.7% |
| 1865 CLAYTON WILLIAMSTOWN | 2025-10 | $370,000 | 1,895 | 47.2% |
| 573 KESSEL AVE | 2025-06 | $355,000 | 1,676 | 53.1% |
| 476 TAYLOR RD | 2025-07 | $200,000 | 1,726 | 101.2% |
Is this your house?
Run your own report →