The Fair Share Report
29 Thompson Ave
Gloucester, NJ 08030
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 $229,744 – $325,923, from 12 comparable Gloucester City 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 Gloucester City assessments sit below market value — republished every October, applied town-wide. A $251,245 home should be assessed near $142,707.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $6,007 below what the ratio math suggests (4.2%).
Step 4 · The tax rate — same for every Gloucester City home
$1.323 Schools · 25% $0.921 County · 17% $3.048 Town · 58%
This home's own bill implies $5.110 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Gloucester City sale · assessed ÷ market
26%71%
Paying about right
This home's ratio lands inside Gloucester City'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 |
|---|---|---|---|---|
| 4 BARNARD AVE | 2025-03 | $309,000 | 1,578 | 36.6% |
| 406 SOMERSET ST | 2025-09 | $235,150 | 1,637 | 43.1% |
| 838 MONMOUTH ST | 2025-02 | $250,000 | 1,556 | 50.0% |
| 1 E THOMPSON AVE | 2026-01 | $244,000 | 1,792 | 58.0% |
| 223 HUDSON ST | 2025-10 | $259,900 | 1,920 | 29.8% |
| 36 UNIVERSITY AVE | 2025-06 | $392,500 | 1,685 | 31.4% |
| 212 MIDDLESEX ST | 2025-05 | $210,000 | 1,446 | 39.7% |
| 900 MONMOUTH ST | 2025-11 | $175,000 | 1,571 | 61.1% |
| 81 N LANE AVE | 2025-05 | $290,000 | 1,570 | 40.4% |
| 934 MERCER ST | 2025-12 | $261,000 | 1,618 | 47.1% |
| 20 THOMPSON AVE | 2025-06 | $290,000 | 1,704 | 34.6% |
| 858 MARKET ST | 2025-05 | $247,500 | 2,094 | 40.4% |
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