The Fair Share Report
23 E 3rd Ave
Runnemede, NJ 08081
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 $220,391 – $341,795, from 12 comparable Runnemede sales in the past 18 months, at this home's 1,333 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 $270,188 home should be assessed near $148,468.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $25,868 below what the ratio math suggests (17.4%).
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
30%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 |
|---|---|---|---|---|
| 37 W 5TH AVE | 2025-12 | $320,000 | 1,248 | 43.1% |
| 1001 READ AVE | 2026-04 | $225,700 | 1,364 | 58.7% |
| 101 SINGLEY AVE | 2025-11 | $227,500 | 1,376 | 40.4% |
| 29 W CLEMENT BRIDGE RD | 2025-04 | $150,000 | 1,272 | 94.1% |
| 20 N OAKLAND AVE | 2026-04 | $350,000 | 1,346 | 35.6% |
| 400 BLACK HORSE PIKE | 2026-01 | $301,000 | 1,366 | 43.8% |
| 29 W 4TH AVE | 2026-04 | $320,000 | 1,536 | 46.2% |
| 327 BOWERS AVE | 2025-05 | $265,000 | 1,198 | 44.1% |
| 17 BOWERS AVE | 2026-04 | $232,500 | 1,248 | 53.6% |
| 17 BOWERS AVE | 2026-02 | $179,500 | 1,248 | 69.4% |
| 37 KNIGHT AVE | 2025-10 | $353,000 | 1,320 | 37.4% |
| 37 KNIGHT AVE | 2025-06 | $215,000 | 1,320 | 61.4% |
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