The Fair Share Report
205 Pine 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 $310,859 – $433,694, 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 $357,402 home should be assessed near $196,392.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,192 below what the ratio math suggests (8.2%).
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 |
|---|---|---|---|---|
| 27 E THIRD AVE | 2025-12 | $331,000 | 2,112 | 52.7% |
| 548 WILLIAMS AVE | 2025-10 | $399,900 | 1,896 | 41.3% |
| 80 KNIGHT AVE | 2025-01 | $330,000 | 1,872 | 48.2% |
| 586 SHERRINGTON LANE | 2025-04 | $350,000 | 1,820 | 46.1% |
| 617 SINGLEY AVE | 2025-01 | $308,000 | 1,848 | 51.7% |
| 116 KNIGHT AVE | 2025-04 | $392,000 | 1,760 | 40.9% |
| 411 HILL AVE | 2025-10 | $345,000 | 1,836 | 41.6% |
| 550 SHERRY DRIVE | 2025-09 | $475,000 | 1,820 | 38.4% |
| 34 E THIRD AVE | 2025-08 | $385,000 | 1,542 | 51.9% |
| 709 SHEPPARD AVE | 2025-09 | $375,000 | 1,696 | 45.0% |
| 569 SHERRY DRIVE | 2025-10 | $420,000 | 1,780 | 38.7% |
| 901 CENTRAL AVE | 2025-07 | $340,000 | 1,904 | 54.6% |
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