The Fair Share Report
331 Eighth St
Gloucester, NJ 08003
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 $141,159 – $263,279, 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 $192,282 home should be assessed near $109,216.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,716 below what the ratio math suggests (27.2%).
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
25%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 |
|---|---|---|---|---|
| 500 ESSEX ST | 2026-01 | $212,900 | 1,288 | 38.0% |
| 633 MARKET ST | 2025-10 | $165,000 | 1,297 | 47.7% |
| 111 WESTMINSTER AVE | 2025-12 | $242,000 | 1,280 | 34.3% |
| 111 WESTMINSTER AVE | 2025-03 | $140,000 | 1,280 | 59.4% |
| 29 N BROWN ST | 2025-08 | $240,000 | 1,332 | 41.5% |
| 935 SOMERSET ST | 2025-09 | $246,000 | 1,310 | 38.9% |
| 334 ROSALIND AVE | 2026-04 | $349,900 | 1,304 | 40.4% |
| 230 BERGEN ST | 2025-09 | $170,000 | 1,428 | 47.8% |
| 15 KOEHLER ST | 2026-03 | $165,000 | 1,440 | 52.9% |
| 115 BROWN ST | 2025-04 | $185,000 | 1,442 | 64.3% |
| 528 PAUL ST | 2025-12 | $150,000 | 1,320 | 49.7% |
| 528 PAUL ST | 2025-07 | $110,000 | 1,320 | 67.8% |
Is this your house?
Run your own report →