The Fair Share Report
413 Addison Ave
Haddon, NJ 08108
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.
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Step 1 · Market value
Likely range $524,037 – $664,730, from 12 comparable Haddon 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 Haddon assessments sit below market value — republished every October, applied town-wide. A $651,694 home should be assessed near $681,933.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $6,933 below what the ratio math suggests (1.0%).
Step 4 · The tax rate — same for every Haddon home
$1.188 Schools · 55% $0.544 County · 25% $0.447 Town · 21%
Step 5 · The bill
This home vs. every recent Haddon sale · assessed ÷ market
70%134%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%). NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 256 CRYSTAL TERRACE | 2025-07 | $650,000 | 2,302 | 80.7% |
| 268 BUCKNER AVE | 2025-03 | $452,500 | 2,424 | 105.6% |
| 308 EVERGREEN AVE | 2025-03 | $695,000 | 2,419 | 88.8% |
| 273 HOPKINS RD | 2025-04 | $580,000 | 2,042 | 100.8% |
| 429 ADDISON AVE | 2026-05 | $580,000 | 2,086 | 71.5% |
| 17 DEVON CT | 2025-04 | $615,000 | 2,230 | 95.4% |
| 138 E PARK AVE | 2025-09 | $637,500 | 2,249 | 90.2% |
| 656 W CRYSTAL LAKE AVE | 2026-01 | $730,000 | 2,608 | 97.7% |
| 223 HOPKINS RD | 2025-05 | $730,000 | 2,489 | 82.4% |
| 112 CORNWALL DR | 2025-06 | $575,000 | 2,458 | 85.8% |
| 214 E CUTHBERT BLVD | 2025-04 | $433,000 | 2,046 | 114.6% |
| 251 W CRYSTAL LAKE AVE | 2025-04 | $760,000 | 2,056 | 86.7% |
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