The Fair Share Report
324 Middlesex St
Gloucester, NJ 08083
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 $119,523 – $222,616, 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 $130,135 home should be assessed near $73,917.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,117 below what the ratio math suggests (70.5%).
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
4%71%
Keep quiet and enjoy it
This home's assessment ratio sits below the Gloucester City pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 28 BARNARD AVE | 2025-01 | $200,000 | 736 | 49.3% |
| 326 MORRIS ST | 2025-04 | $135,000 | 812 | 37.5% |
| 139 GEHRIG AVE | 2025-12 | $235,000 | 816 | 52.8% |
| 325 S BROADWAY | 2025-12 | $198,000 | 834 | 21.7% |
| 614 HUNTER ST | 2025-11 | $159,900 | 984 | 43.8% |
| 416 MIDDLESEX ST | 2025-07 | $195,000 | 954 | 28.1% |
| 416 MIDDLESEX ST | 2025-01 | $115,000 | 954 | 47.6% |
| 127 PARK AVE | 2025-11 | $100,000 | 884 | 87.4% |
| 821 CUMBERLAND ST | 2025-04 | $190,000 | 960 | 46.0% |
| 230 MIDDLESEX ST | 2025-06 | $170,000 | 1,024 | 39.1% |
| 248 S BROADWAY | 2025-05 | $102,000 | 972 | 65.0% |
| 806 POWELL ST | 2025-11 | $180,000 | 1,036 | 33.1% |
Is this your house?
Run your own report →