The Fair Share Report
32 Maple Rd
Franklin, NJ 07416
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 $663,351 – $728,192, from 5 comparable Franklin sales in the past 18 months, at this home's 3,028 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Franklin assessments sit below market value — republished every October, applied town-wide. A $680,117 home should be assessed near $611,085.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,085 below what the ratio math suggests (0.2%).
Step 4 · The tax rate — same for every Franklin home
$1.327 Schools · 53% $0.422 County · 17% $0.765 Town · 30%
This home's own bill implies $2.256 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Franklin sale · assessed ÷ market
73%107%
Paying about right
This home's ratio lands inside Franklin'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 |
|---|---|---|---|---|
| 24 MAPLE RD | 2025-05 | $510,000 | 2,328 | 87.7% |
| 12 FAIRWAY DR | 2025-03 | $574,000 | 2,769 | 97.0% |
| 14 SCOTT RD | 2026-06 | $509,000 | 2,044 | 79.4% |
| 149 MAPLE RD | 2026-05 | $575,000 | 2,560 | 93.3% |
| 357 SCOTT RD | 2025-04 | $455,000 | 1,892 | 95.3% |
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