The Fair Share Report
41 E Third St
Burlington, NJ 08016
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Burlington's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $316,654 – $377,729, from 12 comparable Burlington 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 Burlington assessments sit below market value — republished every October, applied town-wide. A $343,269 home should be assessed near $216,877.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $25,477 below what the ratio math suggests (11.7%).
Step 4 · The tax rate — same for every Burlington home
$2.369 Schools · 53% $0.517 County · 12% $1.555 Town · 35%
Step 5 · The bill
This home vs. every recent Burlington sale · assessed ÷ market
35%82%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 615 PARK AVE | 2025-05 | $355,000 | 1,846 | 53.4% |
| 813 MOUNT RD | 2026-03 | $285,000 | 1,724 | 64.0% |
| 718 WOOD ST | 2025-06 | $325,000 | 1,680 | 59.8% |
| 134 FERNWOOD AVE | 2025-10 | $365,000 | 1,750 | 49.8% |
| 126 E SEVENTH ST | 2025-11 | $339,900 | 1,891 | 58.0% |
| 11 E SEVENTH ST | 2025-02 | $290,000 | 1,526 | 64.5% |
| 815 TEMPLE AVE | 2025-12 | $285,000 | 1,498 | 68.9% |
| 345 GLENWOOD AVE | 2025-06 | $510,000 | 1,846 | 41.9% |
| 422 FLANDERS RD | 2025-09 | $213,603 | 1,664 | 65.8% |
| 309 ELM AVE | 2025-02 | $381,400 | 1,968 | 54.1% |
| 12 E FOURTH ST | 2025-07 | $245,000 | 1,400 | 40.8% |
| 104 W UNION ST | 2026-01 | $315,000 | 1,656 | 41.3% |
Is this your house?
Run your own report →