The Fair Share Report
409 Powell St
Gloucester, NJ 08033
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 $140,672 – $197,820, from 12 comparable Gloucester City sales in the past 18 months, at this home's 837 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Gloucester City assessments sit below market value — republished every October, applied town-wide. A $153,645 home should be assessed near $87,270.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,770 below what the ratio math suggests (24.9%).
Step 4 · The tax rate — same for every Gloucester City home
$1.323 Schools · 25% $0.921 County · 17% $3.048 Town · 58%
Step 5 · The bill
This home vs. every recent Gloucester City sale · assessed ÷ market
26%71%
Paying about right
This home's ratio lands inside Gloucester City'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 |
|---|---|---|---|---|
| 344 MIDDLESEX ST | 2026-05 | $170,000 | 930 | 60.3% |
| 911 GEORGE ST | 2026-04 | $170,000 | 924 | 34.3% |
| 208 MORRIS ST | 2026-04 | $190,000 | 952 | 27.1% |
| 206 MORRIS ST | 2026-01 | $225,000 | 952 | 24.4% |
| 206 MORRIS ST | 2025-01 | $160,000 | 952 | 34.3% |
| 325 S BROADWAY | 2025-12 | $198,000 | 834 | 21.7% |
| 207 CUMBERLAND ST | 2025-11 | $170,900 | 962 | 27.4% |
| 248 S BROADWAY | 2025-05 | $102,000 | 972 | 65.0% |
| 503 S BROADWAY | 2025-01 | $210,000 | 888 | 49.7% |
| 407 POWELL ST | 2025-07 | $192,000 | 1,197 | 34.1% |
| 326 MORRIS ST | 2025-04 | $135,000 | 812 | 37.5% |
| 142 ATLANTIC ST | 2026-05 | $210,000 | 1,144 | 30.7% |
Is this your house?
Run your own report →