The Fair Share Report
435 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 $657,924 – $776,649, 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 $731,704 home should be assessed near $765,655.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,045 above what the ratio math suggests (2.6%).
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%125%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $437/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 325 NEWTON COURT | 2025-11 | $750,000 | 2,752 | 111.3% |
| 137 E HOLLY AVE | 2026-02 | $855,000 | 3,072 | 88.4% |
| 450 E MELROSE AVE | 2026-05 | $1,100,000 | 2,445 | 79.6% |
| 656 W CRYSTAL LAKE AVE | 2026-01 | $730,000 | 2,608 | 97.7% |
| 112 CORNWALL DR | 2025-06 | $575,000 | 2,458 | 85.8% |
| 218 EMERALD AVE | 2026-05 | $430,000 | 2,273 | 119.0% |
| 510 RHOADS AVE | 2026-05 | $540,000 | 2,236 | 87.7% |
| 223 HOPKINS RD | 2025-05 | $730,000 | 2,489 | 82.4% |
| 268 BUCKNER AVE | 2025-03 | $452,500 | 2,424 | 105.6% |
| 208 HAZEL AVE | 2025-08 | $830,000 | 2,532 | 75.6% |
| 126 STRATFORD AVE | 2025-05 | $690,000 | 2,130 | 84.6% |
| 308 EVERGREEN AVE | 2025-03 | $695,000 | 2,419 | 88.8% |
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