The Fair Share Report
47 E 8th 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 $232,682 – $334,032, 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 $267,338 home should be assessed near $146,902.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $6,202 below what the ratio math suggests (4.2%).
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 |
|---|---|---|---|---|
| 1001 READ AVE | 2026-04 | $225,700 | 1,364 | 58.7% |
| 29 W CLEMENT BRIDGE RD | 2025-04 | $150,000 | 1,272 | 94.1% |
| 29 W 4TH AVE | 2026-04 | $320,000 | 1,536 | 46.2% |
| 319 BOWERS AVE | 2026-06 | $376,000 | 1,659 | 37.2% |
| 319 BOWERS AVE | 2026-03 | $240,000 | 1,659 | 58.3% |
| 101 SINGLEY AVE | 2025-11 | $227,500 | 1,376 | 40.4% |
| 20 E 11TH AVE | 2025-01 | $345,000 | 1,500 | 44.8% |
| 45 KNIGHT AVE | 2025-06 | $341,000 | 1,464 | 40.9% |
| 327 BOWERS AVE | 2025-05 | $265,000 | 1,198 | 44.1% |
| 400 BLACK HORSE PIKE | 2026-01 | $301,000 | 1,366 | 43.8% |
| 328 OAKLAND AVE | 2025-09 | $273,000 | 1,619 | 51.6% |
| 23 E 10TH AVE | 2026-04 | $280,000 | 1,572 | 55.4% |
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