The Fair Share Report
206 E Union St
Burlington, NJ 08046
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 $431,516 – $597,654, from 11 comparable Burlington sales in the past 18 months, at this home's 3,790 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Burlington assessments sit below market value — republished every October, applied town-wide. A $575,332 home should be assessed near $363,495.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $213,995 below what the ratio math suggests (58.9%).
Step 4 · The tax rate — same for every Burlington home
$2.369 Schools · 53% $0.517 County · 12% $1.555 Town · 35%
Step 5 · The bill
This home vs. every recent Burlington sale · assessed ÷ market
20%82%
Keep quiet and enjoy it
This home's assessment ratio sits below the Burlington pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 308 WOOD ST | 2025-10 | $480,000 | 3,162 | 41.4% |
| 702 BORDENTOWN RD | 2025-12 | $235,000 | 2,064 | 69.4% |
| 318 E UNION ST | 2026-01 | $410,000 | 2,600 | 46.6% |
| 110 E SEVENTH ST | 2025-01 | $365,000 | 2,372 | 53.4% |
| 450 LOCUST AVE | 2026-01 | $375,000 | 2,222 | 52.2% |
| 154 FERNWOOD AVE | 2025-05 | $450,000 | 2,515 | 56.9% |
| 419 LOCUST AVE | 2025-11 | $300,000 | 2,214 | 62.0% |
| 116 E BROAD ST | 2025-11 | $186,000 | 2,515 | 64.5% |
| 119 ELM AVE | 2025-08 | $349,000 | 2,817 | 69.6% |
| 30 E FIFTH ST | 2025-09 | $500,000 | 2,120 | 48.3% |
| 211 E BROAD ST | 2025-07 | $257,500 | 2,292 | 59.8% |
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