The Fair Share Report
35 Elder Ave
Pemberton, NJ 08015
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 $344,251 – $391,987, from 12 comparable Pemberton 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 Pemberton assessments sit below market value — republished every October, applied town-wide. A $352,497 home should be assessed near $210,405.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,405 below what the ratio math suggests (17.8%).
Step 4 · The tax rate — same for every Pemberton home
$1.608 Schools · 49% $0.533 County · 16% $1.112 Town · 34%
Step 5 · The bill
This home vs. every recent Pemberton sale · assessed ÷ market
35%81%
Paying about right
This home's ratio lands inside Pemberton'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 |
|---|---|---|---|---|
| 23 MARICOPA TR | 2025-07 | $359,000 | 1,536 | 48.8% |
| 301 CACTUS ST | 2026-01 | $350,000 | 1,464 | 53.7% |
| 100 SPLIT ROCK RD | 2026-04 | $440,000 | 1,464 | 41.8% |
| 3 KAROK LN | 2025-06 | $330,000 | 1,568 | 52.9% |
| 3 ESCAMBIA TR | 2025-04 | $380,000 | 1,392 | 44.3% |
| 301 COLORADO TR | 2025-09 | $400,000 | 1,534 | 51.5% |
| 40 HEATHER ST | 2025-05 | $355,000 | 1,456 | 40.2% |
| 8 TECUMSEH TR | 2025-05 | $360,000 | 1,558 | 42.6% |
| 6 QUAILRUN RD | 2025-03 | $220,000 | 1,604 | 79.8% |
| 305 PIUTE TR | 2025-05 | $390,000 | 1,536 | 44.6% |
| 803 RED FEATHER TR | 2025-06 | $340,000 | 1,442 | 58.2% |
| 225 MAGNOLIA RD | 2026-01 | $370,000 | 1,432 | 43.8% |
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