The Fair Share Report
21 Sharp Rd
Frankford, NJ 07826
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 $462,638 – $623,007, from 12 comparable Frankford 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 Frankford assessments sit below market value — republished every October, applied town-wide. A $543,518 home should be assessed near $336,057.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,057 below what the ratio math suggests (6.9%).
Step 4 · The tax rate — same for every Frankford home
$1.995 Schools · 66% $0.613 County · 20% $0.431 Town · 14%
This home's own bill implies $2.960 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Frankford sale · assessed ÷ market
33%77%
Paying about right
This home's ratio lands inside Frankford'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 |
|---|---|---|---|---|
| 136 GUNN RD | 2025-04 | $540,000 | 2,148 | 47.7% |
| 515 KEMAH LAKE RD | 2025-12 | $370,000 | 2,188 | 57.3% |
| 22 MORRIS AVE | 2025-11 | $525,000 | 1,948 | 45.4% |
| 95 WANTAGE AVE | 2025-04 | $600,000 | 2,750 | 49.9% |
| 12 PLAINS RD | 2026-03 | $675,000 | 2,944 | 50.5% |
| 237 MATTISON RESERVOIR AV | 2025-09 | $500,000 | 1,734 | 48.5% |
| 202 MORRIS TNPK | 2025-06 | $585,000 | 2,710 | 47.9% |
| 234 MEYER RD | 2025-06 | $500,000 | 1,792 | 44.5% |
| 449 US HIGHWAY 206 | 2026-06 | $547,500 | 2,200 | 43.2% |
| 115 RIDGE RD | 2025-04 | $550,000 | 2,236 | 55.1% |
| 13 SUMMIT DR | 2025-02 | $515,000 | 1,680 | 51.3% |
| 26 DAVID DR | 2026-05 | $710,000 | 2,424 | 49.9% |
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