The Fair Share Report
408 E 3rd Ave
Runnemede, NJ 08078
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 $337,636 – $458,063, from 12 comparable Runnemede 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 Runnemede assessments sit below market value — republished every October, applied town-wide. A $387,115 home should be assessed near $212,720.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $12,320 below what the ratio math suggests (5.8%).
Step 4 · The tax rate — same for every Runnemede home
$2.421 Schools · 51% $0.953 County · 20% $1.406 Town · 29%
Step 5 · The bill
This home vs. every recent Runnemede sale · assessed ÷ market
33%70%
Paying about right
This home's ratio lands inside Runnemede'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 |
|---|---|---|---|---|
| 27 E THIRD AVE | 2025-12 | $331,000 | 2,112 | 52.7% |
| 332 SUNNYBROOK RD & SUNS. | 2025-01 | $455,000 | 2,240 | 50.5% |
| 413 SHEFFIELD COURT | 2025-05 | $190,000 | 2,060 | 91.7% |
| 34 WOODLAND AVE | 2026-05 | $190,000 | 2,234 | 87.8% |
| 55 E EVESHAM RD | 2025-11 | $360,000 | 2,152 | 46.0% |
| 586 SHERRINGTON LANE | 2025-04 | $350,000 | 1,820 | 46.1% |
| 550 SHERRY DRIVE | 2025-09 | $475,000 | 1,820 | 38.4% |
| 34 E THIRD AVE | 2025-08 | $385,000 | 1,542 | 51.9% |
| 809 W 3RD AVE | 2025-06 | $425,000 | 2,080 | 43.1% |
| 569 SHERRY DRIVE | 2025-10 | $420,000 | 1,780 | 38.7% |
| 136 JOHNSON AVE | 2025-02 | $324,000 | 2,030 | 55.2% |
| 141 OAK AVE | 2025-12 | $218,000 | 1,584 | 65.8% |
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