The Fair Share Report
324 Walnut Ave
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 $264,370 – $363,359, 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 $323,505 home should be assessed near $183,751.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,451 below what the ratio math suggests (29.1%).
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 |
|---|---|---|---|---|
| 413 SOMERSET ST | 2025-11 | $379,000 | — | 15.3% |
| 1425 CHESTNUT AVE | 2026-01 | $350,000 | 1,598 | 44.8% |
| 27 GOLDY DRIVE | 2026-04 | $366,000 | 1,617 | 46.3% |
| 144 EDWARDS DR | 2025-10 | $367,000 | 1,515 | 38.0% |
| 1417 ORIENTAL AVE | 2025-07 | $300,000 | 1,455 | 50.1% |
| 355 MAPLE AVE | 2025-07 | $337,000 | 1,708 | 44.8% |
| 1449 CHESTNUT AVE | 2025-10 | $344,900 | 1,455 | 46.3% |
| 31 SWARTHMORE AVE | 2025-10 | $318,000 | 1,552 | 41.9% |
| 374 WALNUT AVE | 2026-01 | $370,000 | 1,755 | 48.8% |
| 374 WALNUT AVE | 2025-10 | $190,000 | 1,755 | 95.0% |
| 1695 MARKET ST | 2025-01 | $325,000 | 1,649 | 49.8% |
| 913 MORRIS ST | 2026-01 | $250,000 | 1,600 | 44.9% |
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