The Fair Share Report

336 Ridgeway 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.

Step 1 · Market value

≈ $145,714

Likely range $137,299 – $187,185, from 12 comparable Gloucester City sales in the past 18 months, at this home's 792 sq ft.

Step 2 · The Director's Ratio

56.80%

The state's official measure of how far Gloucester City assessments sit below market value — republished every October, applied town-wide. A $145,714 home should be assessed near $82,766.

Step 3 · Assessed value

$49,500

Set at the last town-wide revaluation and mostly frozen since. That's $33,266 below what the ratio math suggests (40.2%).

Step 4 · The tax rate — same for every Gloucester City home

$5.292 per $100 assessed

$1.323 Schools · 25% $0.921 County · 17% $3.048 Town · 58%

Step 5 · The bill

$2,620/yr
Public schools$655
Camden County$456
Town of Gloucester City$1,509
Gloucester City average$5,850

This home vs. every recent Gloucester City sale · assessed ÷ market

Town median 44.4%
This home · 34.0%

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)

AddressSoldPriceSq ftRatio
207 CUMBERLAND ST2025-11$170,90096227.4%
855-1/2 CUMBERLAND ST2025-01$159,00080931.9%
344 MIDDLESEX ST2026-05$170,00093060.3%
911 GEORGE ST2026-04$170,00092434.3%
208 MORRIS ST2026-04$190,00095227.1%
206 MORRIS ST2026-01$225,00095224.4%
206 MORRIS ST2025-01$160,00095234.3%
503 S BROADWAY2025-01$210,00088849.7%
28 BARNARD AVE2025-01$200,00073649.3%
330 POWELL ST2025-03$190,0001,09632.6%
325 S BROADWAY2025-12$198,00083421.7%
820 CUMBERLAND ST2025-10$167,0001,03642.9%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →