The Fair Share Report
357 Scott Rd
Franklin, NJ 07416
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 $416,320 – $512,417, from 12 comparable Franklin sales in the past 18 months, at this home's 1,892 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Franklin assessments sit below market value — republished every October, applied town-wide. A $471,149 home should be assessed near $423,327.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,273 above what the ratio math suggests (2.4%).
Step 4 · The tax rate — same for every Franklin home
$1.327 Schools · 53% $0.422 County · 17% $0.765 Town · 30%
This home's own bill implies $2.289 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Franklin sale · assessed ÷ market
73%110%
Paying about right
This home's ratio lands inside Franklin'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 |
|---|---|---|---|---|
| 9 HEMLOCK DR | 2026-05 | $415,000 | 1,886 | 88.0% |
| 16 HEMLOCK DR | 2025-01 | $410,000 | 1,740 | 96.2% |
| 14 SCOTT RD | 2026-06 | $509,000 | 2,044 | 79.4% |
| 276 WILDCAT RD | 2026-03 | $520,000 | 1,920 | 84.7% |
| 24 MAPLE RD | 2025-05 | $510,000 | 2,328 | 87.7% |
| 15 HIGH POINT CI | 2025-01 | $431,819 | 1,158 | 92.0% |
| 20 HIGH POINT CI | 2026-03 | $440,500 | 1,632 | 86.6% |
| 40 WYKER RD | 2025-06 | $295,000 | 1,092 | 82.3% |
| 10 GUNDERMAN ST | 2025-02 | $322,000 | 1,648 | 96.3% |
| 12 FAIRWAY DR | 2025-03 | $574,000 | 2,769 | 97.0% |
| 154 MAIN ST | 2025-05 | $389,900 | 1,612 | 84.8% |
| 7 FOX HILL DR | 2026-04 | $250,000 | 1,002 | 128.2% |
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