The Fair Share Report
307 Morris 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 $140,067 – $218,919, 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 $195,172 home should be assessed near $110,858.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,458 below what the ratio math suggests (33.8%).
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%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 |
|---|---|---|---|---|
| 30 RAILROAD AVE | 2025-12 | $190,000 | 1,102 | 28.5% |
| 232 S BROADWAY | 2025-06 | $85,000 | 1,056 | 90.8% |
| 813 CUMBERLAND ST | 2025-05 | $230,000 | 1,230 | 55.5% |
| 820 CUMBERLAND ST | 2025-10 | $167,000 | 1,036 | 42.9% |
| 313 HUDSON ST | 2026-02 | $205,000 | 1,128 | 36.0% |
| 227 BERGEN ST | 2026-03 | $140,000 | 1,232 | 59.2% |
| 508 BERGEN ST | 2025-12 | $260,000 | 1,222 | 32.3% |
| 508 ESSEX ST | 2026-05 | $230,000 | 1,200 | 28.7% |
| 132 HICKMAN AVE | 2026-04 | $295,000 | 1,226 | 43.9% |
| 736 HUNTER ST | 2025-01 | $199,000 | 1,232 | 41.5% |
| 821 CUMBERLAND ST | 2025-04 | $190,000 | 960 | 46.0% |
| 827 BERGEN ST | 2025-11 | $160,000 | 1,196 | 74.4% |
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