The Fair Share Report
5 Devon Ave
Medford, NJ 08057
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 $358,485 – $469,877, from 12 comparable Medford 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 Medford assessments sit below market value — republished every October, applied town-wide. A $420,390 home should be assessed near $243,069.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,169 below what the ratio math suggests (26.8%).
Step 4 · The tax rate — same for every Medford home
$2.641 Schools · 70% $0.564 County · 15% $0.549 Town · 15%
Step 5 · The bill
This home vs. every recent Medford sale · assessed ÷ market
32%72%
Paying about right
This home's ratio lands inside Medford'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 |
|---|---|---|---|---|
| 147 SKEET ROAD | 2025-02 | $280,000 | 1,510 | 57.4% |
| 220 E LAKE BLVD | 2025-10 | $410,000 | 1,460 | 42.0% |
| 34 CHERRY STREET | 2026-03 | $445,000 | 1,440 | 40.6% |
| 117 MT HOLLY ROAD | 2025-05 | $321,900 | 1,311 | 57.4% |
| 52 BANK STREET | 2025-09 | $535,000 | 1,957 | 45.9% |
| 4 WEST LAKE AVENUE | 2025-04 | $425,000 | 1,136 | 55.3% |
| 129 HICKORY LANE | 2025-09 | $500,000 | 1,578 | 48.4% |
| 370 TUCKERTON ROAD | 2025-01 | $400,000 | 1,568 | 48.9% |
| 21 VERNETTA LANE | 2026-02 | $283,250 | 1,550 | 61.0% |
| 20 ONIONTOWN ROAD | 2025-03 | $444,700 | 1,583 | 49.5% |
| 167 SKEET ROAD | 2025-02 | $328,000 | 1,080 | 37.3% |
| 38 CHRISTOPHER MILL RD | 2026-03 | $300,000 | 1,811 | 74.3% |
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