The Fair Share Report
232 Walter Ave
Delanco, NJ 08075
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 $258,283 – $413,972, from 12 comparable Delanco 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 Delanco assessments sit below market value — republished every October, applied town-wide. A $320,418 home should be assessed near $195,487.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $22,287 below what the ratio math suggests (11.4%).
Step 4 · The tax rate — same for every Delanco home
$1.820 Schools · 51% $0.541 County · 15% $1.222 Town · 34%
Step 5 · The bill
This home vs. every recent Delanco sale · assessed ÷ market
36%76%
Paying about right
This home's ratio lands inside Delanco'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 |
|---|---|---|---|---|
| 221 MAPLE AVENUE | 2025-01 | $335,000 | 1,487 | 49.3% |
| 300 LILAC LANE | 2026-05 | $426,000 | 1,640 | 46.0% |
| 300 VINE ST | 2025-04 | $400,000 | 1,638 | 43.8% |
| 231 MAGNOLIA LANE | 2026-03 | $299,000 | 1,813 | 65.8% |
| 231 MAGNOLIA LANE | 2026-03 | $235,000 | 1,813 | 83.8% |
| 235 MAPLE AVE | 2025-10 | $350,000 | 1,904 | 50.5% |
| 323 WALNUT ST | 2025-12 | $320,000 | 1,296 | 49.9% |
| 312 HAZEL AVE | 2025-04 | $298,000 | 2,048 | 62.6% |
| 317 MAPLE AVENUE | 2025-08 | $360,000 | 1,968 | 50.2% |
| 318 CENTER AVE | 2025-05 | $345,000 | 1,312 | 53.2% |
| 216 FENIMORE LANE | 2025-10 | $445,000 | 1,813 | 46.4% |
| 860 PENNSYLVANIA AVE | 2025-09 | $255,000 | 1,696 | 70.0% |
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