The Fair Share Report
2909 Colgate Ave
Delanco, NJ 08075
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 $291,269 – $372,273, from 12 comparable Delanco 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 Delanco assessments sit below market value — republished every October, applied town-wide. A $306,667 home should be assessed near $187,098.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,898 below what the ratio math suggests (24.0%).
Step 4 · The tax rate — same for every Delanco home
$1.820 Schools · 51% $0.541 County · 15% $1.222 Town · 34%
Step 5 · The bill
This home vs. every recent Delanco sale · assessed ÷ market
33%76%
Paying about right
This home's ratio lands inside Delanco'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 |
|---|---|---|---|---|
| 2822 BURLINGTON AV | 2025-10 | $371,750 | 1,276 | 42.2% |
| 8 EDWARDS AVE | 2025-08 | $280,000 | 1,184 | 64.0% |
| 512 UNION AVE | 2025-05 | $185,000 | 1,134 | 77.2% |
| 411 ILLINOIS AVENUE | 2025-07 | $325,000 | 1,120 | 46.8% |
| 401 FENIMORE LANE | 2025-05 | $360,000 | 1,488 | 52.5% |
| 318 CENTER AVE | 2025-05 | $345,000 | 1,312 | 53.2% |
| 2824 COLGATE AV | 2025-03 | $320,000 | 1,211 | 54.9% |
| 409 WEST AVE | 2025-06 | $330,000 | 1,040 | 42.4% |
| 221 MAPLE AVENUE | 2025-01 | $335,000 | 1,487 | 49.3% |
| 419 DELVIEW LANE | 2026-04 | $315,000 | 884 | 42.1% |
| 420 KANSAS AVE | 2025-06 | $207,500 | 864 | 53.6% |
| 323 WALNUT ST | 2025-12 | $320,000 | 1,296 | 49.9% |
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