The Fair Share Report
307 Hunter St
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 $217,615 – $306,474, 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 $246,554 home should be assessed near $140,043.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,757 above what the ratio math suggests (17.0%).
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%81%
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% |
| 230 CUMBERLAND ST | 2025-10 | $270,000 | 2,312 | 34.1% |
| 714 HUNTER ST | 2025-07 | $315,000 | 2,319 | 34.6% |
| 858 MARKET ST | 2025-05 | $247,500 | 2,094 | 40.4% |
| 201-203 POWELL ST | 2025-06 | $95,000 | 2,255 | 122.8% |
| 619 POWELL ST | 2025-11 | $270,000 | 1,915 | 41.0% |
| 223 HUDSON ST | 2025-10 | $259,900 | 1,920 | 29.8% |
| 724 HUNTER ST | 2025-01 | $185,000 | 1,726 | 58.8% |
| 840 CUMBERLAND ST | 2025-08 | $385,000 | 2,464 | 40.4% |
| 602 MARKET ST | 2025-07 | $280,000 | 1,744 | 37.5% |
| 323 MARKET ST | 2026-01 | $140,000 | 1,920 | 58.7% |
| 236 N BROADWAY | 2025-08 | $150,000 | 1,920 | 60.3% |
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