The Fair Share Report
279 Ely Ave
Franklin, NJ 08071
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 $264,261 – $326,131, 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 $278,777 home should be assessed near $162,917.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,217 below what the ratio math suggests (21.0%).
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
34%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 |
|---|---|---|---|---|
| 161 ELY AVE | 2026-04 | $330,000 | 1,056 | 39.9% |
| 161 ELY AVE | 2025-02 | $275,000 | 1,056 | 47.8% |
| 596 UNION AVE | 2025-03 | $309,900 | 1,008 | 44.1% |
| 454 CLEARFIELD AVE | 2026-05 | $317,500 | 1,008 | 47.7% |
| 1554 FLORA RD | 2026-05 | $293,000 | 1,068 | 49.7% |
| 182 HOWARD AVE | 2026-05 | $260,000 | 1,008 | 62.3% |
| 32 CERTAIN AVE | 2025-05 | $299,900 | 1,150 | 51.1% |
| 939 GARRISON RD | 2025-04 | $325,000 | 1,152 | 52.3% |
| 48 LAY DR | 2026-01 | $250,000 | 1,108 | 60.0% |
| 1050 PORCHTOWN RD | 2025-03 | $245,000 | 1,092 | 59.0% |
| 194 LAKEVIEW AVE | 2026-05 | $205,000 | 1,008 | 60.7% |
| 1232 PENNSYLVANIA AVE | 2026-05 | $250,000 | 1,050 | 36.2% |
Is this your house?
Run your own report →