The Fair Share Report
499 Main Rd
Franklin, NJ 08056
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 $264,850 – $413,415, 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 $319,585 home should be assessed near $186,765.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,465 below what the ratio math suggests (8.8%).
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
36%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 |
|---|---|---|---|---|
| 25 DOUGLAS AVE | 2025-06 | $280,000 | 1,628 | 51.8% |
| 485 MAIN RD | 2025-11 | $322,000 | 1,600 | 43.8% |
| 80 REDWOOD AVE | 2025-02 | $357,000 | 1,420 | 48.1% |
| 2602 N BLUE BELL RD | 2025-06 | $430,000 | 1,624 | 44.8% |
| 52 HOWARD AVE | 2025-06 | $324,900 | 1,442 | 47.2% |
| 1234 WILLIAMSTOWN RD | 2025-01 | $325,000 | 1,458 | 58.0% |
| 1657 DELSEA DR | 2025-01 | $100,000 | 1,460 | 119.5% |
| 536 KESSEL AVE | 2025-08 | $260,000 | 1,576 | 52.5% |
| 183 NELSON AVE | 2025-12 | $349,000 | 1,924 | 45.8% |
| 1865 CLAYTON WILLIAMSTOWN | 2025-10 | $370,000 | 1,895 | 47.2% |
| 61 HOWARD AVE | 2025-12 | $385,000 | 1,480 | 39.1% |
| 1612 DELSEA DR | 2026-06 | $275,000 | 1,603 | 52.1% |
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