The Fair Share Report
20 Vale Dr
Tabernacle, NJ 08088
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Tabernacle's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $451,895 – $616,837, from 12 comparable Tabernacle 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 Tabernacle assessments sit below market value — republished every October, applied town-wide. A $515,126 home should be assessed near $290,840.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,660 above what the ratio math suggests (8.1%).
Step 4 · The tax rate — same for every Tabernacle home
$2.315 Schools · 68% $0.555 County · 16% $0.512 Town · 15%
Step 5 · The bill
This home vs. every recent Tabernacle sale · assessed ÷ market
37%75%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 38 SUMMIT DRIVE | 2025-05 | $495,000 | 2,496 | 58.1% |
| 147 SOOY PLACE ROAD | 2025-05 | $600,000 | 2,484 | 42.5% |
| 147 SOOY PLACE ROAD | 2025-01 | $355,000 | 2,484 | 71.8% |
| 13 PLYMOUTH COURT | 2025-07 | $550,000 | 2,572 | 58.1% |
| 11 ACORN DRIVE | 2025-06 | $479,000 | 2,352 | 50.8% |
| 64 RED OAK DRIVE | 2025-03 | $650,000 | 2,669 | 53.0% |
| 10 CUTTS DRIVE | 2026-03 | $730,000 | 2,398 | 43.0% |
| 86 PATTY BOWKER ROAD | 2026-03 | $450,000 | 2,437 | 63.2% |
| 157 SOOY PLACE ROAD | 2025-02 | $505,000 | 2,760 | 53.0% |
| 145 SOOY PLACE ROAD | 2025-05 | $460,000 | 2,228 | 51.8% |
| 7 DEER TRAIL | 2025-10 | $450,000 | 2,310 | 58.2% |
| 8 VALE DRIVE | 2025-07 | $486,875 | 2,224 | 58.8% |
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