The Fair Share Report
425 E 3rd 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 $295,790 – $394,373, 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 $333,530 home should be assessed near $183,275.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,075 below what the ratio math suggests (12.6%).
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
33%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 |
|---|---|---|---|---|
| 569 SHERRY DRIVE | 2025-10 | $420,000 | 1,780 | 38.7% |
| 550 SHERRY DRIVE | 2025-09 | $475,000 | 1,820 | 38.4% |
| 832 RAMBLER AVE | 2025-06 | $270,000 | 1,656 | 74.3% |
| 141 OAK AVE | 2025-12 | $218,000 | 1,584 | 65.8% |
| 209 HOLLY AVE | 2024-12 | $325,250 | 1,584 | 48.1% |
| 524 HIRSCH AVE | 2026-03 | $336,000 | 1,600 | 50.8% |
| 688 DETTMAR TER | 2025-07 | $295,000 | 1,524 | 51.5% |
| 641 SINGLEY AVE | 2025-04 | $370,000 | 1,524 | 35.6% |
| 614 HIRSCH AVE | 2025-07 | $415,000 | 1,680 | 42.1% |
| 613 WILLIAMS TER | 2025-12 | $325,000 | 1,524 | 43.9% |
| 600 WILLIAMS AVE | 2025-12 | $350,000 | 1,520 | 43.6% |
| 420 W 3RD AVE | 2025-08 | $396,000 | 1,524 | 39.1% |
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