The Fair Share Report
3 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 $140,641 – $318,924, 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 $241,272 home should be assessed near $137,042.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,258 above what the ratio math suggests (25.0%).
Step 4 · The tax rate — same for every Gloucester City home
$1.323 Schools · 25% $0.921 County · 17% $3.048 Town · 58%
Step 5 · The bill
This home vs. every recent Gloucester City sale · assessed ÷ market
26%127%
A touch high — worth watching
This home's ratio sits above most of Gloucester City, but doesn't clear NJ's legal appeal line (65.32%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 844 CUMBERLAND ST | 2025-06 | $310,000 | 2,080 | 36.9% |
| 124 N BROADWAY | 2026-02 | $235,900 | 1,952 | 37.0% |
| 124 N BROADWAY | 2025-11 | $180,000 | 1,952 | 48.4% |
| 323 MARKET ST | 2026-01 | $140,000 | 1,920 | 58.7% |
| 236 N BROADWAY | 2025-08 | $150,000 | 1,920 | 60.3% |
| 201-203 POWELL ST | 2025-06 | $95,000 | 2,255 | 122.8% |
| 858 MARKET ST | 2025-05 | $247,500 | 2,094 | 40.4% |
| 232 N BROADWAY | 2026-01 | $234,900 | 2,108 | 31.5% |
| 218 SOMERSET ST | 2025-12 | $235,000 | 2,378 | 49.2% |
| 223 HUDSON ST | 2025-10 | $259,900 | 1,920 | 29.8% |
| 417 RIDGEWAY ST | 2025-07 | $85,000 | 2,064 | 120.3% |
| 840 CUMBERLAND ST | 2025-08 | $385,000 | 2,464 | 40.4% |
Is this your house?
Run your own report →