The Fair Share Report
355 E 3rd Ave
Runnemede, NJ 08078
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 $362,931 – $456,466, from 12 comparable Runnemede 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 Runnemede assessments sit below market value — republished every October, applied town-wide. A $391,429 home should be assessed near $215,090.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,990 below what the ratio math suggests (3.7%).
Step 4 · The tax rate — same for every Runnemede home
$2.421 Schools · 51% $0.953 County · 20% $1.406 Town · 29%
Step 5 · The bill
This home vs. every recent Runnemede sale · assessed ÷ market
33%70%
Paying about right
This home's ratio lands inside Runnemede'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 |
|---|---|---|---|---|
| 55 E EVESHAM RD | 2025-11 | $360,000 | 2,152 | 46.0% |
| 136 JOHNSON AVE | 2025-02 | $324,000 | 2,030 | 55.2% |
| 841 W 3RD AVE | 2025-08 | $480,000 | 2,004 | 38.2% |
| 809 W 3RD AVE | 2025-06 | $425,000 | 2,080 | 43.1% |
| 901 CENTRAL AVE | 2025-07 | $340,000 | 1,904 | 54.6% |
| 528 HIRSCH AVE | 2025-10 | $360,000 | 2,040 | 49.1% |
| 548 WILLIAMS AVE | 2025-10 | $399,900 | 1,896 | 41.3% |
| 617 SINGLEY AVE | 2025-01 | $308,000 | 1,848 | 51.7% |
| 707 HIRSCH AVE | 2025-02 | $355,000 | 1,867 | 59.2% |
| 328 UNION AVE | 2025-06 | $330,000 | 1,632 | 48.8% |
| 116 KNIGHT AVE | 2025-04 | $392,000 | 1,760 | 40.9% |
| 413 SHEFFIELD COURT | 2025-05 | $190,000 | 2,060 | 91.7% |
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