The Fair Share Report

2 Exeter Ct

Lumberton, NJ 08048

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

≈ $873,849

Likely range $746,741 – $1,041,401, from 12 comparable Lumberton sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

65.45%

The state's official measure of how far Lumberton assessments sit below market value — republished every October, applied town-wide. A $873,849 home should be assessed near $571,934.

Step 3 · Assessed value

$520,000

Set at the last town-wide revaluation and mostly frozen since. That's $51,934 below what the ratio math suggests (9.1%).

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

$3.039 per $100 assessed

$2.073 Schools · 68% $0.500 County · 16% $0.466 Town · 15%

Step 5 · The bill

$15,803/yr
Public schools$10,780
Burlington County$2,600
Town of Lumberton$2,423
Lumberton average$9,147

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

Town median 56.5%
This home · 59.5%

40%81%

Paying about right

This home's ratio lands inside Lumberton'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
23 SUNFLOWER CIRCLE2025-10$1,100,0003,39446.4%
8 BANBURY RD2025-11$818,0003,29855.0%
18 AZALEA DRIVE2025-12$1,060,0003,69249.1%
60 TYNEMOUTH DRIVE2025-02$810,0003,93455.6%
2 PROVIDENCE CT2026-01$885,0003,48154.3%
29 TYNEMOUTH DRIVE2025-05$850,0003,93452.9%
18 WESTMINSTER DRIVE2026-01$699,0003,20457.2%
1 TURNBRIDGE DRIVE2025-01$850,0003,86859.0%
25 SUNFLOWER CIRCLE2025-09$1,180,0003,10642.4%
16 CALVERT LN2025-05$750,0003,04053.3%
4 BLACK PINE LANE2026-03$535,0003,12483.2%
43 TYNEMOUTH DRIVE2025-04$695,0003,02461.9%

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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 →