The Fair Share Report

241 E St

Carneys Point, NJ 08069

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.

Step 1 · Market value

≈ $208,592

Likely range $185,024 – $226,686, from 12 comparable Carneys Point sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

107.29%

The state's official measure of how far Carneys Point assessments sit below market value — republished every October, applied town-wide. A $208,592 home should be assessed near $223,798.

Step 3 · Assessed value

$172,000

Set at the last town-wide revaluation and mostly frozen since. That's $51,798 below what the ratio math suggests (23.1%).

Step 4 · The tax rate — same for every Carneys Point home

$2.409 per $100 assessed

$0.870 Schools · 36% $1.026 County · 43% $0.513 Town · 21%

Step 5 · The bill

$4,145/yr
Public schools$1,497
Salem County$1,765
Town of Carneys Point$883
Carneys Point average$5,838

This home vs. every recent Carneys Point sale · assessed ÷ market

Town median 90.2%
This home · 82.5%

70%124%

Paying about right

This home's ratio lands inside Carneys Point's normal band. The drift hasn't singled it out — no case for a tax appeal.

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

AddressSoldPriceSq ftRatio
243 C ST2025-12$210,0001,03485.4%
251 G ST2025-09$210,0001,04485.1%
243 I ST2025-10$202,0001,04491.7%
239 J ST2026-02$195,0001,01480.2%
252 G ST2026-05$240,0001,01481.1%
287 B ST2025-11$209,0001,06489.5%
327 LAFAYETTE RD2026-01$285,0001,02274.8%
239 H ST2025-10$225,0001,01484.1%
239 H ST2025-06$140,0001,014135.2%
257 H ST2025-06$185,0001,086112.9%
246 C ST2025-05$210,00097483.0%
239 E ST2025-09$190,0001,11898.2%

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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 →