The Fair Share Report
222 Third St E
Florence, NJ 08518
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 $125,895 – $354,598, from 12 comparable Florence 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 Florence assessments sit below market value — republished every October, applied town-wide. A $266,372 home should be assessed near $206,172.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,872 below what the ratio math suggests (23.7%).
Step 4 · The tax rate — same for every Florence home
$1.817 Schools · 65% $0.407 County · 15% $0.565 Town · 20%
Step 5 · The bill
This home vs. every recent Florence sale · assessed ÷ market
39%130%
Paying about right
This home's ratio lands inside Florence'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 |
|---|---|---|---|---|
| 717 CHESTNUT ST | 2025-01 | $325,000 | 1,110 | 71.1% |
| 623 THIRD ST WEST | 2025-04 | $180,000 | 1,444 | 79.1% |
| 211 THIRD ST WEST | 2025-07 | $325,000 | 1,464 | 55.3% |
| 106 BENNET ST | 2025-10 | $330,000 | 1,266 | 73.9% |
| 710 FIFTH STREET | 2025-08 | $260,000 | 974 | 94.2% |
| 360 STATION RD | 2025-11 | $365,000 | 1,246 | 72.3% |
| 891 THIRD ST EAST | 2026-01 | $325,000 | 1,469 | 80.8% |
| 2103 US 130 | 2025-01 | $251,000 | 1,182 | 94.6% |
| 117 SEVENTH AVE | 2025-01 | $140,000 | 1,152 | 91.7% |
| 110 FIFTH AVE | 2026-04 | $215,000 | 1,472 | 70.9% |
| 810 SECOND ST WEST | 2025-04 | $125,000 | 1,092 | 83.4% |
| 267 FIFTH AVE | 2026-05 | $285,000 | 1,011 | 44.2% |
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