The Fair Share Report

231 Vine St

Delanco, NJ 08075

The town catches up with market prices only once a year — and only on average. This report checks whether this house's assessment kept pace.

This home's payments are about right

It sits inside Delanco's normal range — market price changes haven't singled it out. No case for a tax appeal.

Step 1 · Market value

≈ $306,959

Likely range $270,733 – $343,891, from 12 comparable Delanco sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

61.01%

The state's official measure of how far Delanco assessments sit below market value — republished every October, applied town-wide. A $306,959 home should be assessed near $187,276.

Step 3 · Assessed value

$136,200

Set at the last town-wide revaluation and mostly frozen since. That's $51,076 below what the ratio math suggests (27.3%).

Step 4 · The tax rate — same for every Delanco home

$3.583 per $100 assessed

$1.820 Schools · 51% $0.541 County · 15% $1.222 Town · 34%

Step 5 · The bill

$5,026/yr
Public schools$2,553
Burlington County$759
Town of Delanco$1,714
Delanco average$7,022

This home vs. every recent Delanco sale · assessed ÷ market

Town median 53.0%
This home · 44.4%

34%76%

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
318 CENTER AVE2025-05$345,0001,31253.2%
323 WALNUT ST2025-12$320,0001,29649.9%
223 WALTER AVE2025-02$307,0001,42155.1%
221 MAPLE AVENUE2025-01$335,0001,48749.3%
2822 BURLINGTON AV2025-10$371,7501,27642.2%
400 BUTTONWOOD ST2025-07$230,0001,24856.8%
38 SWAN COURT2025-06$288,0001,30052.3%
400 BURLINGTON AVE2026-02$275,0001,66948.3%
416 POPLAR ST2025-06$279,9001,31435.8%
712 HICKORY ST2025-01$115,0001,476125.3%
300 VINE ST2025-04$400,0001,63843.8%
411 ILLINOIS AVENUE2025-07$325,0001,12046.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →