The Fair Share Report
34 E Third St
Burlington, NJ 08016
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 $302,050 – $435,981, from 12 comparable Burlington 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 Burlington assessments sit below market value — republished every October, applied town-wide. A $399,811 home should be assessed near $252,601.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $56,801 below what the ratio math suggests (22.5%).
Step 4 · The tax rate — same for every Burlington home
$2.369 Schools · 53% $0.517 County · 12% $1.555 Town · 35%
Step 5 · The bill
This home vs. every recent Burlington sale · assessed ÷ market
35%82%
Paying about right
This home's ratio lands inside Burlington'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 |
|---|---|---|---|---|
| 30 E FIFTH ST | 2025-09 | $500,000 | 2,120 | 48.3% |
| 16 LYNN DR | 2025-09 | $450,000 | 2,202 | 53.4% |
| 338 BROWN ST | 2025-11 | $390,000 | 1,929 | 45.9% |
| 12 FAWN HOLLOW RD | 2026-03 | $570,000 | 2,148 | 45.2% |
| 718 WOOD ST | 2025-06 | $325,000 | 1,680 | 59.8% |
| 333 E PEARL ST, #6 | 2026-04 | $367,500 | 1,750 | 44.6% |
| 110 E SEVENTH ST | 2025-01 | $365,000 | 2,372 | 53.4% |
| 154 FERNWOOD AVE | 2025-05 | $450,000 | 2,515 | 56.9% |
| 419 LOCUST AVE | 2025-11 | $300,000 | 2,214 | 62.0% |
| 309 ELM AVE | 2025-02 | $381,400 | 1,968 | 54.1% |
| 702 BORDENTOWN RD | 2025-12 | $235,000 | 2,064 | 69.4% |
| 526 YORK ST | 2025-05 | $155,000 | 2,016 | 48.3% |
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