The Fair Share Report
404 Leon Ave
Delran, NJ 08075
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 $417,432 – $608,737, from 12 comparable Delran 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 Delran assessments sit below market value — republished every October, applied town-wide. A $505,326 home should be assessed near $265,599.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,201 above what the ratio math suggests (6.9%).
Step 4 · The tax rate — same for every Delran home
$2.457 Schools · 64% $0.571 County · 15% $0.817 Town · 21%
Step 5 · The bill
This home vs. every recent Delran sale · assessed ÷ market
36%73%
Paying about right
This home's ratio lands inside Delran'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 |
|---|---|---|---|---|
| 10 RIDGEWOOD AVE | 2025-07 | $350,000 | 2,211 | 72.9% |
| 19 MONTCLAIR DR | 2025-08 | $590,000 | 2,220 | 41.6% |
| 24 HOLYOKE DR | 2025-07 | $485,000 | 2,288 | 51.0% |
| 20 RIDGEWOOD AVE | 2025-02 | $500,000 | 1,960 | 47.0% |
| 88 PRINCETON DR | 2025-10 | $400,000 | 2,363 | 57.0% |
| 142 FOX CHASE DR | 2025-12 | $589,900 | 2,120 | 45.1% |
| 231 DICKENS DR | 2025-05 | $626,000 | 2,120 | 41.0% |
| 196 WESTOVER DR | 2025-04 | $581,000 | 2,120 | 44.6% |
| 810 COLBY AVE | 2025-12 | $450,000 | 2,388 | 54.4% |
| 111 KEVIN RD | 2025-10 | $690,000 | 2,120 | 38.7% |
| 322 ITHACA AVE | 2025-07 | $650,000 | 2,190 | 42.1% |
| 19 STEVENS DR | 2025-09 | $415,000 | 1,979 | 48.3% |
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