The Fair Share Report
415 E Third 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 $268,872 – $324,542, 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 $303,950 home should be assessed near $167,021.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,321 below what the ratio math suggests (28.9%).
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
31%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 |
|---|---|---|---|---|
| 120 BOWERS AVE | 2026-06 | $321,100 | 1,120 | 44.1% |
| 1042 CENTRAL AVE | 2026-05 | $280,000 | 1,120 | 41.2% |
| 600 CENTRAL AVE | 2025-07 | $285,000 | 1,104 | 45.4% |
| 50 FERNDALE | 2025-06 | $271,000 | 1,130 | 57.7% |
| 97 N READ AVE | 2026-06 | $225,000 | 1,092 | 61.2% |
| 424 HIRSCH AVE | 2025-06 | $330,000 | 1,008 | 39.1% |
| 117 PINE AVE | 2025-05 | $295,000 | 1,118 | 37.3% |
| 769 W 3RD AVE | 2025-10 | $340,000 | 1,120 | 43.0% |
| 37 S READ AVE | 2026-04 | $362,000 | 960 | 42.0% |
| 37 S READ AVE | 2025-11 | $210,000 | 960 | 72.3% |
| 60 N OAKLAND AVE | 2026-03 | $260,000 | 1,008 | 47.7% |
| 413 W 1ST AVE | 2025-11 | $370,000 | 1,064 | 36.2% |
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