The Fair Share Report
5 Pendleton Ct
Medford, NJ 08055
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Medford's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $1,019,326 – $1,312,655, 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 $1,089,289 home should be assessed near $629,827.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,873 above what the ratio math suggests (1.3%).
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
38%72%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 37 HIGHBRIDGE BLVD | 2025-08 | $910,000 | 4,490 | 58.1% |
| 19 BROOKWOOD DRIVE | 2025-02 | $787,500 | 4,309 | 68.6% |
| 17 BROOKWOOD DRIVE | 2025-05 | $1,190,000 | 4,486 | 57.1% |
| 73 HIGHBRIDGE BLVD | 2026-04 | $1,250,000 | 4,248 | 47.8% |
| 19 LOWBRIDGE PASSAGE | 2025-04 | $1,290,000 | 4,459 | 56.2% |
| 4 HADDINGTON WAY | 2026-05 | $1,340,000 | 4,239 | 55.9% |
| 17 MACCLESFIELD DRIVE | 2025-05 | $1,125,000 | 4,372 | 44.4% |
| 3 WOODSFIELD COURT | 2025-03 | $1,175,000 | 4,416 | 55.6% |
| 1 PEPPERBUSH COURT | 2025-10 | $979,000 | 4,092 | 60.1% |
| 7 PEPPERBUSH COURT | 2025-02 | $999,999 | 4,222 | 56.6% |
| 30 HARVEST LANE | 2025-06 | $940,000 | 4,603 | 56.8% |
| 8 ELDERBERRY DRIVE | 2025-06 | $950,000 | 4,082 | 66.6% |
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