The Fair Share Report
22 E 4th Ave
Runnemede, NJ 08078
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 Runnemede's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $207,670 – $282,033, from 12 comparable Runnemede sales in the past 18 months, at this home's 1,275 sq ft.
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 $251,803 home should be assessed near $138,366.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,534 above what the ratio math suggests (8.3%).
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%78%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 29 W CLEMENT BRIDGE RD | 2025-04 | $150,000 | 1,272 | 94.1% |
| 327 BOWERS AVE | 2025-05 | $265,000 | 1,198 | 44.1% |
| 37 W 5TH AVE | 2025-12 | $320,000 | 1,248 | 43.1% |
| 1001 READ AVE | 2026-04 | $225,700 | 1,364 | 58.7% |
| 17 BOWERS AVE | 2026-04 | $232,500 | 1,248 | 53.6% |
| 17 BOWERS AVE | 2026-02 | $179,500 | 1,248 | 69.4% |
| 12 E 10TH AVE | 2025-10 | $252,000 | 1,276 | 50.8% |
| 117 PINE AVE | 2025-05 | $295,000 | 1,118 | 37.3% |
| 101 SINGLEY AVE | 2025-11 | $227,500 | 1,376 | 40.4% |
| 23 BOWERS AVE | 2025-08 | $241,000 | 1,189 | 48.7% |
| 221 CHESTNUT ST | 2025-08 | $300,000 | 1,224 | 42.2% |
| 400 BLACK HORSE PIKE | 2026-01 | $301,000 | 1,366 | 43.8% |
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