The Fair Share Report
508 Leon Ave
Delran, NJ 08075
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 Delran's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $417,967 – $509,146, from 12 comparable Delran 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 Delran assessments sit below market value — republished every October, applied town-wide. A $472,651 home should be assessed near $248,425.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,425 below what the ratio math suggests (5.4%).
Step 4 · The tax rate — same for every Delran home
$2.457 Schools · 64% $0.571 County · 15% $0.817 Town · 21%
Step 5 · The bill
This home vs. every recent Delran sale · assessed ÷ market
36%66%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 247 SOUTHVIEW DR | 2026-03 | $593,000 | 1,954 | 41.4% |
| 240 SOUTHVIEW DR | 2025-06 | $442,000 | 1,954 | 55.8% |
| 213 SWEDES RUN DR | 2025-06 | $430,000 | 2,044 | 54.2% |
| 205 PADDOCK WAY | 2025-12 | $588,000 | 1,997 | 37.8% |
| 100 DIANE AVE | 2026-02 | $520,000 | 2,044 | 46.0% |
| 122 SWEDES RUN DR | 2025-05 | $522,600 | 2,044 | 44.2% |
| 157 OXFORD RD | 2025-09 | $470,000 | 1,740 | 47.3% |
| 260 TENBY CHASE DR | 2024-12 | $445,900 | 1,954 | 52.0% |
| 1 ECHO AVE | 2026-03 | $450,000 | 1,788 | 46.3% |
| 120 COOPERS KILL RD | 2026-03 | $485,000 | 1,954 | 50.3% |
| 124 COOPERS KILL RD | 2026-03 | $525,000 | 1,954 | 44.3% |
| 20 RIDGEWOOD AVE | 2025-02 | $500,000 | 1,960 | 47.0% |
Is this your house?
Run your own report →