The Fair Share Report
508 Morris St
Gloucester, NJ 08030
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 $188,549 – $232,590, from 12 comparable Gloucester City 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 Gloucester City assessments sit below market value — republished every October, applied town-wide. A $203,276 home should be assessed near $115,461.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,161 below what the ratio math suggests (42.6%).
Step 4 · The tax rate — same for every Gloucester City home
$1.323 Schools · 25% $0.921 County · 17% $3.048 Town · 58%
Step 5 · The bill
This home vs. every recent Gloucester City sale · assessed ÷ market
23%71%
Keep quiet and enjoy it
This home's assessment ratio sits below the Gloucester City pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 612 DIVISION ST | 2026-02 | $195,000 | 1,200 | 33.6% |
| 612 DIVISION ST | 2026-02 | $130,000 | 1,200 | 50.5% |
| 229 FILMORE ST | 2025-10 | $196,000 | 1,184 | 33.7% |
| 500 ESSEX ST | 2026-01 | $212,900 | 1,288 | 38.0% |
| 508 ESSEX ST | 2026-05 | $230,000 | 1,200 | 28.7% |
| 813 CUMBERLAND ST | 2025-05 | $230,000 | 1,230 | 55.5% |
| 508 BERGEN ST | 2025-12 | $260,000 | 1,222 | 32.3% |
| 433 MIDDLESEX ST | 2025-05 | $230,000 | 1,197 | 31.2% |
| 30 RAILROAD AVE | 2025-12 | $190,000 | 1,102 | 28.5% |
| 607 RIDGEWAY ST | 2025-06 | $240,000 | 1,213 | 52.7% |
| 601 HUNTER ST | 2026-03 | $235,000 | 1,164 | 29.5% |
| 736 HUNTER ST | 2025-01 | $199,000 | 1,232 | 41.5% |
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