The Fair Share Report
237 Morris St
Gloucester, NJ 08077
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 $159,202 – $214,820, from 12 comparable Gloucester City sales in the past 18 months, at this home's 1,118 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Gloucester City assessments sit below market value — republished every October, applied town-wide. A $185,605 home should be assessed near $105,424.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,724 below what the ratio math suggests (48.1%).
Step 4 · The tax rate — same for every Gloucester City home
$1.323 Schools · 25% $0.921 County · 17% $3.048 Town · 58%
Step 5 · The bill
This home vs. every recent Gloucester City sale · assessed ÷ market
20%71%
Keep quiet and enjoy it
This home's assessment ratio sits below the Gloucester City pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 314 WARREN ST | 2025-12 | $207,000 | 1,114 | 32.9% |
| 314 WARREN ST | 2025-04 | $120,000 | 1,114 | 56.7% |
| 609 RIDGEWAY ST | 2025-08 | $209,900 | 1,129 | 53.6% |
| 433 MIDDLESEX ST | 2025-05 | $230,000 | 1,197 | 31.2% |
| 210 MIDDLESEX ST | 2025-01 | $155,500 | 1,092 | 34.8% |
| 30 RAILROAD AVE | 2025-12 | $190,000 | 1,102 | 28.5% |
| 607 RIDGEWAY ST | 2025-06 | $240,000 | 1,213 | 52.7% |
| 229 FILMORE ST | 2025-10 | $196,000 | 1,184 | 33.7% |
| 530 BERGEN ST | 2026-06 | $225,000 | 1,126 | 30.5% |
| 232 S BROADWAY | 2025-06 | $85,000 | 1,056 | 90.8% |
| 821 CUMBERLAND ST | 2025-04 | $190,000 | 960 | 46.0% |
| 230 MIDDLESEX ST | 2025-06 | $170,000 | 1,024 | 39.1% |
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