The Fair Share Report
48 E 7th 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 $304,528 – $380,006, 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 $345,855 home should be assessed near $190,047.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,347 below what the ratio math suggests (21.8%).
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 |
|---|---|---|---|---|
| 115 LINDSEY AVE | 2025-11 | $370,000 | 1,500 | 39.5% |
| 112 LINDSEY AVE | 2026-04 | $344,000 | 1,535 | 42.5% |
| 420 W 3RD AVE | 2025-08 | $396,000 | 1,524 | 39.1% |
| 420 W 3RD AVE | 2025-03 | $230,000 | 1,524 | 67.4% |
| 600 WILLIAMS AVE | 2025-12 | $350,000 | 1,520 | 43.6% |
| 613 WILLIAMS TER | 2025-12 | $325,000 | 1,524 | 43.9% |
| 688 DETTMAR TER | 2025-07 | $295,000 | 1,524 | 51.5% |
| 641 SINGLEY AVE | 2025-04 | $370,000 | 1,524 | 35.6% |
| 30 ST CHARLES PL | 2026-05 | $330,000 | 1,599 | 46.0% |
| 653 DETTMAR TERRACE | 2025-09 | $374,900 | 1,445 | 39.7% |
| 641 DETTMAR TER | 2025-03 | $390,000 | 1,445 | 39.4% |
| 200 KNIGHT AVE | 2025-12 | $337,000 | 1,348 | 43.8% |
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