The Fair Share Report
429 Nicholson Rd
Gloucester, NJ 08030
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 $243,206 – $359,013, from 12 comparable Gloucester City 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 Gloucester City assessments sit below market value — republished every October, applied town-wide. A $290,924 home should be assessed near $165,245.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,445 below what the ratio math suggests (30.5%).
Step 4 · The tax rate — same for every Gloucester City home
$1.323 Schools · 25% $0.921 County · 17% $3.048 Town · 58%
Step 5 · The bill
This home vs. every recent Gloucester City sale · assessed ÷ market
26%71%
Paying about right
This home's ratio lands inside Gloucester City'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 |
|---|---|---|---|---|
| 831 POWELL ST | 2025-01 | $260,000 | 1,944 | 64.9% |
| 9 STITES AVE | 2025-06 | $430,000 | 1,667 | 44.5% |
| 206 WESTON AVE | 2025-08 | $375,000 | 1,860 | 46.7% |
| 4 BARNARD AVE | 2025-03 | $309,000 | 1,578 | 36.6% |
| 738 DIVISION ST | 2026-04 | $280,000 | 1,560 | 36.9% |
| 81 N LANE AVE | 2025-05 | $290,000 | 1,570 | 40.4% |
| 1425 CHESTNUT AVE | 2026-01 | $350,000 | 1,598 | 44.8% |
| 838 MONMOUTH ST | 2025-02 | $250,000 | 1,556 | 50.0% |
| 1100 STATION AVE | 2025-01 | $390,000 | 2,007 | 45.4% |
| 934 MERCER ST | 2025-12 | $261,000 | 1,618 | 47.1% |
| 27 GOLDY DRIVE | 2026-04 | $366,000 | 1,617 | 46.3% |
| 606 N BROWN ST | 2026-04 | $235,000 | 1,632 | 54.0% |
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