The Fair Share Report
2000 Second St
Delanco, NJ 08075
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.
The numbers support an appeal
Even at the cautious end of the range, this home's ratio clears NJ's Chapter 123 line (70.16%) — roughly $6,493/yr at stake. NJ appeals are generally due April 1.
Step 1 · Market value
Likely range $452,106 – $503,093, from 12 comparable Delanco 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 Delanco assessments sit below market value — republished every October, applied town-wide. A $486,132 home should be assessed near $296,589.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $181,211 above what the ratio math suggests (61.1%).
Step 4 · The tax rate — same for every Delanco home
$1.820 Schools · 51% $0.541 County · 15% $1.222 Town · 34%
Step 5 · The bill
This home vs. every recent Delanco sale · assessed ÷ market
39%111%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 306 FENIMORE LANE | 2025-08 | $470,306 | 2,604 | 55.8% |
| 206 FENIMORE LANE | 2025-09 | $465,000 | 2,248 | 51.7% |
| 15 SWAN COURT | 2025-09 | $366,000 | 2,156 | 57.1% |
| 4 TURTLE COURT | 2025-01 | $329,900 | 2,124 | 57.3% |
| 10 FAWN COURT | 2025-10 | $370,000 | 2,156 | 57.3% |
| 9 SWAN COURT | 2025-06 | $379,000 | 2,112 | 52.9% |
| 12 FAWN COURT | 2025-12 | $393,000 | 2,146 | 53.3% |
| 7 SWAN COURT | 2025-03 | $355,000 | 2,102 | 58.5% |
| 6 FAWN COURT | 2026-03 | $389,000 | 2,134 | 48.8% |
| 101 MAPLE AVENUE | 2025-07 | $675,000 | 2,130 | 52.6% |
| 4 SWAN COURT | 2025-02 | $316,500 | 1,988 | 56.0% |
| 11 TEAL COURT | 2025-08 | $370,000 | 1,976 | 47.8% |
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