The Fair Share Report
3 Applegate Ct
Cranbury, NJ 08512
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 $1,515,132 – $1,700,331, from 12 comparable Cranbury 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 Cranbury assessments sit below market value — republished every October, applied town-wide. A $1,575,422 home should be assessed near $1,079,637.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $92,637 below what the ratio math suggests (8.6%).
Step 4 · The tax rate — same for every Cranbury home
$0.997 Schools · 54% $0.438 County · 24% $0.400 Town · 22%
Step 5 · The bill
This home vs. every recent Cranbury sale · assessed ÷ market
47%84%
Paying about right
This home's ratio lands inside Cranbury'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 |
|---|---|---|---|---|
| 7 SHADY BROOK LANE | 2025-08 | $1,720,000 | 4,986 | 62.5% |
| 23 SILVERS LANE | 2026-06 | $1,600,000 | 4,336 | 60.6% |
| 6 CUBBERLY COURT | 2025-11 | $1,575,000 | 5,408 | 62.6% |
| 17 CHAMBERLIN COURT | 2025-02 | $1,475,000 | 3,900 | 57.2% |
| 16 BODINE DRIVE | 2025-11 | $1,412,495 | 4,092 | 54.7% |
| 35 PARKVIEW ROAD | 2025-06 | $1,256,000 | 3,764 | 61.2% |
| 27 LIEDTKE DRIVE | 2025-06 | $1,705,050 | 5,142 | 61.1% |
| 162 NORTH MAIN ST | 2025-02 | $1,165,000 | 3,383 | 66.0% |
| 59 SOUTH MAIN ST | 2025-11 | $1,410,000 | 4,360 | 64.9% |
| 4 DANSER DRIVE | 2025-09 | $1,188,000 | 3,282 | 64.4% |
| 4 BERGEN DRIVE | 2026-06 | $1,390,000 | 3,796 | 56.3% |
| 28 EVANS DR | 2025-06 | $1,400,000 | 3,031 | 56.9% |
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