The Fair Share Report
421 E Melrose 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $466,057 – $632,102, 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 $583,280 home should be assessed near $610,344.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $76,944 below what the ratio math suggests (12.6%).
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%120%
Paying about right
This home's ratio lands inside Haddon'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 |
|---|---|---|---|---|
| 237 VIRGINIA AVE | 2026-05 | $473,500 | 1,726 | 84.7% |
| 90 EMERALD AVE | 2025-11 | $670,000 | 1,786 | 83.0% |
| 1108 ELDRIDGE AVE | 2026-04 | $317,000 | 1,716 | 113.7% |
| 212 EMERALD AVE | 2025-04 | $500,000 | 1,708 | 103.1% |
| 213 MORGAN AVE | 2025-07 | $711,000 | 1,748 | 73.2% |
| 1101 BELMONT AVE | 2025-09 | $610,000 | 1,756 | 87.2% |
| 214 EMERALD AVE | 2025-07 | $540,000 | 1,622 | 84.2% |
| 123 MELROSE AVE | 2025-04 | $600,000 | 1,615 | 85.5% |
| 203 HARDING AVE | 2025-07 | $510,000 | 1,652 | 92.7% |
| 58 E GREENWOOD AVE | 2025-10 | $315,000 | 1,701 | 122.3% |
| 228 EMERALD AVE | 2026-06 | $705,000 | 1,973 | 72.7% |
| 223 GUILFORD AVE | 2025-12 | $430,500 | 1,636 | 110.5% |
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