The Fair Share Report
25 Third St
Franklin, NJ 08322
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 $203,987 – $336,739, from 12 comparable Franklin 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 Franklin assessments sit below market value — republished every October, applied town-wide. A $304,540 home should be assessed near $177,973.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,173 below what the ratio math suggests (23.1%).
Step 4 · The tax rate — same for every Franklin home
$2.153 Schools · 58% $0.732 County · 20% $0.856 Town · 23%
Step 5 · The bill
This home vs. every recent Franklin sale · assessed ÷ market
35%74%
Paying about right
This home's ratio lands inside Franklin'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 |
|---|---|---|---|---|
| 633 ROBERTS AVE | 2025-09 | $300,000 | 1,304 | 44.7% |
| 26 SHIREEN TER | 2025-05 | $300,000 | 1,242 | 53.3% |
| 1612 DELSEA DR | 2026-06 | $275,000 | 1,603 | 52.1% |
| 632 TANGER AVE | 2025-09 | $330,000 | 1,348 | 47.5% |
| 536 KESSEL AVE | 2025-08 | $260,000 | 1,576 | 52.5% |
| 1355 HARDING HWY | 2025-12 | $295,325 | 1,107 | 47.9% |
| 2569 HARDING HWY | 2025-12 | $180,000 | 1,173 | 58.4% |
| 2871 ALBERIC ST | 2026-06 | $250,000 | 840 | 37.9% |
| 120 WADDELL AVE | 2026-03 | $240,500 | 1,365 | 63.7% |
| 32 CERTAIN AVE | 2025-05 | $299,900 | 1,150 | 51.1% |
| 158 BENTWOOD DR | 2026-01 | $287,000 | 986 | 47.6% |
| 48 PINE ST | 2025-12 | $260,000 | 800 | 38.8% |
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