The Fair Share Report
39 Argyle Ave
Gloucester, NJ 07003
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 $216,207 – $278,283, from 12 comparable Gloucester sales in the past 18 months, at this home's 1,140 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Gloucester assessments sit below market value — republished every October, applied town-wide. A $230,551 home should be assessed near $131,299.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,801 above what the ratio math suggests (18.1%).
Step 4 · The tax rate — same for every Gloucester home
$1.890 Schools · 45% $0.949 County · 23% $1.339 Town · 32%
Step 5 · The bill
This home vs. every recent Gloucester sale · assessed ÷ market
35%77%
Paying about right
This home's ratio lands inside Gloucester'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 |
|---|---|---|---|---|
| 256 KNOLL DRIVE | 2025-01 | $220,000 | 1,160 | 55.7% |
| 24 FARMHOUSE ROAD | 2025-05 | $215,000 | 1,126 | 47.6% |
| 2164 GARWOOD ROAD | 2025-12 | $290,000 | 1,188 | 56.7% |
| 2164 GARWOOD ROAD | 2025-07 | $223,000 | 1,188 | 73.7% |
| 62 HAMPSHIRE ROAD | 2025-05 | $232,000 | 1,162 | 30.1% |
| 82 HAMPSHIRE ROAD | 2025-01 | $235,000 | 1,162 | 26.0% |
| 170 LA CASCATA TNHS | 2026-02 | $195,000 | 1,140 | 30.7% |
| 325 ALMONESSON ROAD | 2026-04 | $302,000 | 1,137 | 62.2% |
| 1201 THACKERY COURT | 2025-06 | $245,000 | 1,218 | 47.4% |
| 3 SUNSET DRIVE | 2025-08 | $200,000 | 1,134 | 89.6% |
| 51 CAMBRIDGE AVENUE | 2025-05 | $256,200 | 1,078 | 54.6% |
| 39 EDINBURGH ROAD | 2025-12 | $277,000 | 1,235 | 56.3% |
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