The Fair Share Report
4 Maple Ln
Pennington, NJ 08534
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 $575,881 – $785,458, from 12 comparable Pennington 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 Pennington assessments sit below market value — republished every October, applied town-wide. A $684,400 home should be assessed near $479,833.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,267 above what the ratio math suggests (9.6%).
Step 4 · The tax rate — same for every Pennington home
$1.932 Schools · 58% $0.745 County · 23% $0.630 Town · 19%
Step 5 · The bill
This home vs. every recent Pennington sale · assessed ÷ market
48%97%
Paying about right
This home's ratio lands inside Pennington'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 |
|---|---|---|---|---|
| 154 E DELAWARE AVE | 2025-06 | $645,000 | 1,928 | 57.0% |
| 11 BALDWIN ST | 2026-04 | $868,000 | 2,228 | 62.3% |
| 11 BALDWIN ST | 2025-07 | $825,000 | 2,228 | 65.6% |
| 325 SKED ST | 2026-01 | $590,000 | 1,700 | 94.7% |
| 2 BALDWIN COURT | 2026-03 | $950,000 | 1,898 | 60.8% |
| 12 INGLESIDE AVE | 2025-11 | $780,000 | 2,400 | 70.3% |
| 56 N MAIN ST | 2025-09 | $780,000 | 2,588 | 61.3% |
| 20 PARK AVE | 2025-12 | $535,000 | 2,289 | 82.7% |
| 20 PARK AVE | 2025-12 | $450,000 | 2,289 | 98.3% |
| 138 KING GEORGE RD | 2025-04 | $899,000 | 1,498 | 52.1% |
| 221 S MAIN ST | 2025-07 | $490,000 | 2,087 | 81.6% |
| 432 S MAIN ST | 2025-02 | $575,000 | 1,628 | 76.8% |
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