The Fair Share Report
313 E Broad St
Burlington, NJ 08077
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 $224,886 – $332,551, from 12 comparable Burlington sales in the past 18 months, at this home's 2,268 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Burlington assessments sit below market value — republished every October, applied town-wide. A $304,737 home should be assessed near $192,533.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,933 below what the ratio math suggests (18.7%).
Step 4 · The tax rate — same for every Burlington home
$2.369 Schools · 53% $0.517 County · 12% $1.555 Town · 35%
Step 5 · The bill
This home vs. every recent Burlington sale · assessed ÷ market
35%82%
Paying about right
This home's ratio lands inside Burlington'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 |
|---|---|---|---|---|
| 211 E BROAD ST | 2025-07 | $257,500 | 2,292 | 59.8% |
| 422 LOCUST AVE | 2025-07 | $309,500 | 2,260 | 52.3% |
| 318 E UNION ST | 2026-01 | $410,000 | 2,600 | 46.6% |
| 450 LOCUST AVE | 2026-01 | $375,000 | 2,222 | 52.2% |
| 202 W UNION ST | 2025-12 | $299,900 | 2,232 | 58.0% |
| 131 E FEDERAL ST | 2025-03 | $246,000 | 2,292 | 46.3% |
| 24 W PEARL ST | 2025-08 | $335,000 | 1,968 | 47.4% |
| 333 E UNION ST | 2025-08 | $300,000 | 2,046 | 44.7% |
| 331 JONES AVE | 2025-12 | $188,000 | 1,896 | 38.9% |
| 205 JONES AVE | 2025-10 | $197,000 | 2,052 | 40.7% |
| 229 W BROAD ST | 2025-10 | $158,000 | 1,812 | 88.2% |
| 118 E FEDERAL ST | 2025-06 | $65,000 | 1,728 | 108.3% |
Is this your house?
Run your own report →