The Fair Share Report
24 Cherry St
Oldmans, NJ 08067
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 $177,874 – $383,425, from 12 comparable Oldmans sales in the past 18 months, at this home's 1,866 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Oldmans assessments sit below market value — republished every October, applied town-wide. A $297,947 home should be assessed near $240,413.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,413 below what the ratio math suggests (6.4%).
Step 4 · The tax rate — same for every Oldmans home
$1.223 Schools · 45% $1.279 County · 47% $0.197 Town · 7%
Step 5 · The bill
This home vs. every recent Oldmans sale · assessed ÷ market
43%132%
Paying about right
This home's ratio lands inside Oldmans'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 |
|---|---|---|---|---|
| 52 NEW RD | 2025-06 | $320,000 | 1,683 | 79.8% |
| 34 MAIN ST AUBURN | 2025-12 | $293,480 | 2,134 | 60.9% |
| 33 N RAILROAD AVE | 2026-03 | $105,000 | 1,310 | 117.4% |
| 8-8A PEDRICKTN-WOODSTN RD | 2025-08 | $165,000 | 2,726 | 115.3% |
| 8-8A PEDRICKTN-WOODSTN RD | 2025-02 | $187,000 | 2,726 | 101.8% |
| 342 STRAUGHNS MILL RD | 2025-10 | $159,000 | 1,668 | 113.3% |
| 93 PENNSVL-PEDRICKTN RD | 2025-08 | $324,000 | 1,496 | 66.0% |
| 6 PORCUPINE RD | 2026-04 | $270,000 | 1,344 | 59.7% |
| 25 POINTERS-AUBURN RD | 2025-01 | $335,000 | 1,560 | 63.7% |
| 102 PENNSVL-PEDRICKTN RD | 2026-03 | $350,000 | 2,192 | 70.3% |
| 110 N RAILROAD AVE | 2025-09 | $120,000 | 1,248 | 102.3% |
| 48 S RAILROAD AVE | 2025-06 | $107,500 | 1,010 | 163.3% |
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