The Fair Share Report
49 Eagle Ln
Franklin, NJ 08322
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 $384,309 – $480,722, from 12 comparable Franklin 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 Franklin assessments sit below market value — republished every October, applied town-wide. A $454,351 home should be assessed near $265,523.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $63,423 below what the ratio math suggests (23.9%).
Step 4 · The tax rate — same for every Franklin home
$2.153 Schools · 58% $0.732 County · 20% $0.856 Town · 23%
Step 5 · The bill
This home vs. every recent Franklin sale · assessed ÷ market
37%74%
Paying about right
This home's ratio lands inside Franklin'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 |
|---|---|---|---|---|
| 955 FEDERAL AVE | 2026-05 | $410,000 | 1,664 | 51.6% |
| 512 LANTERN WAY | 2025-08 | $456,000 | 1,810 | 51.5% |
| 655 MORRIS AVE | 2025-07 | $515,000 | 1,992 | 52.1% |
| 2455 GRANT AVE | 2025-08 | $395,000 | 1,550 | 49.8% |
| 1686 CATAWBA AVE | 2026-02 | $480,000 | 2,247 | 58.1% |
| 950 PROPOSED AVE | 2026-05 | $451,000 | 2,106 | 53.8% |
| 1112 FRIES MILL RD | 2025-12 | $530,000 | 2,136 | 44.1% |
| 2815 MAIN RD | 2025-10 | $630,000 | 2,264 | 38.3% |
| 358 GARRISON RD | 2025-10 | $300,000 | 1,668 | 54.8% |
| 65 STEPHANIE DR | 2026-02 | $330,000 | 2,290 | 78.8% |
| 468 HERMAN DR | 2025-08 | $435,000 | 2,008 | 54.6% |
| 764 TUCKAHOE RD | 2026-04 | $202,000 | 1,781 | 82.0% |
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