The Fair Share Report
348 E Broad 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 $150,629 – $269,466, 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 $226,841 home should be assessed near $143,318.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,718 below what the ratio math suggests (19.3%).
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 |
|---|---|---|---|---|
| 27 W PEARL ST | 2025-07 | $270,000 | 1,676 | 48.7% |
| 206 JONES AVE | 2026-01 | $250,000 | 1,620 | 45.5% |
| 213 CONOVER ST | 2025-08 | $265,000 | 1,628 | 50.3% |
| 140 E FEDERAL ST | 2026-03 | $239,000 | 1,760 | 37.9% |
| 407 WOOD ST | 2025-12 | $180,000 | 1,500 | 47.8% |
| 26 W PEARL ST | 2025-07 | $320,000 | 1,824 | 44.6% |
| 334 BARCLAY ST | 2026-02 | $272,250 | 1,812 | 53.9% |
| 216 JONES AVE | 2025-12 | $272,599 | 1,960 | 41.8% |
| 411 WOOD ST | 2025-04 | $102,000 | 1,310 | 97.7% |
| 17 E FEDERAL ST | 2025-04 | $140,000 | 1,404 | 55.9% |
| 39 W PEARL ST | 2025-11 | $105,000 | 1,310 | 64.7% |
| 466 LOGAN ST | 2026-03 | $140,000 | 1,334 | 63.6% |
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