The Fair Share Report
326 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 $131,950 – $191,912, from 12 comparable Gloucester City sales in the past 18 months, at this home's 812 sq ft.
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 $148,430 home should be assessed near $84,308.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,708 below what the ratio math suggests (40.0%).
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
21%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 |
|---|---|---|---|---|
| 325 S BROADWAY | 2025-12 | $198,000 | 834 | 21.7% |
| 614 HUNTER ST | 2025-11 | $159,900 | 984 | 43.8% |
| 806 POWELL ST | 2025-11 | $180,000 | 1,036 | 33.1% |
| 248 S BROADWAY | 2025-05 | $102,000 | 972 | 65.0% |
| 911 GEORGE ST | 2026-04 | $170,000 | 924 | 34.3% |
| 820 CUMBERLAND ST | 2025-10 | $167,000 | 1,036 | 42.9% |
| 625 HUNTER ST | 2025-08 | $215,000 | 1,208 | 30.7% |
| 821 CUMBERLAND ST | 2025-04 | $190,000 | 960 | 46.0% |
| 139 GEHRIG AVE | 2025-12 | $235,000 | 816 | 52.8% |
| 232 S BROADWAY | 2025-06 | $85,000 | 1,056 | 90.8% |
| 28 BARNARD AVE | 2025-01 | $200,000 | 736 | 49.3% |
| 344 MIDDLESEX ST | 2026-05 | $170,000 | 930 | 60.3% |
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