The Fair Share Report
405 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 $412,926 – $484,749, 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 $447,278 home should be assessed near $235,089.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $3,489 below what the ratio math suggests (1.5%).
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%66%
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 |
|---|---|---|---|---|
| 2 DARTMOUTH DR | 2025-09 | $492,000 | 1,736 | 43.8% |
| 20 RIDGEWOOD AVE | 2025-02 | $500,000 | 1,960 | 47.0% |
| 1 STEVENS DR | 2025-04 | $493,000 | 1,736 | 46.6% |
| 518 GREENWOOD AVE | 2025-07 | $380,000 | 1,664 | 45.5% |
| 60 NOTRE DAME DR | 2025-12 | $410,000 | 1,736 | 48.7% |
| 19 STEVENS DR | 2025-09 | $415,000 | 1,979 | 48.3% |
| 59 HAINES MILL ROAD | 2025-09 | $425,000 | 1,979 | 44.6% |
| 25 HOLYOKE DR | 2025-08 | $390,000 | 1,979 | 50.6% |
| 4 STEVENS DR | 2025-02 | $460,000 | 1,979 | 43.1% |
| 53 PRINCETON DR | 2025-12 | $425,000 | 1,736 | 52.8% |
| 57 CORNELL DR | 2025-09 | $425,000 | 1,780 | 55.7% |
| 23 LEHIGH DR | 2026-03 | $445,000 | 1,780 | 49.2% |
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