The Fair Share Report
51 Mitchell Ave
Runnemede, NJ 08078
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 Runnemede's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $318,261 – $348,165, from 12 comparable Runnemede sales in the past 18 months, at this home's 1,316 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Runnemede assessments sit below market value — republished every October, applied town-wide. A $329,549 home should be assessed near $181,087.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,287 below what the ratio math suggests (13.4%).
Step 4 · The tax rate — same for every Runnemede home
$2.421 Schools · 51% $0.953 County · 20% $1.406 Town · 29%
Step 5 · The bill
This home vs. every recent Runnemede sale · assessed ÷ market
33%70%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 205 LINDSEY AVE | 2025-08 | $375,000 | 1,330 | 33.3% |
| 200 KNIGHT AVE | 2025-12 | $337,000 | 1,348 | 43.8% |
| 200 KNIGHT AVE | 2025-01 | $326,000 | 1,348 | 45.3% |
| 25 W 1ST AVE | 2025-10 | $305,000 | 1,226 | 45.0% |
| 146 SCHUBERT AVE | 2025-02 | $327,000 | 1,236 | 43.8% |
| 653 DETTMAR TERRACE | 2025-09 | $374,900 | 1,445 | 39.7% |
| 125 ARDMORE AVE | 2025-06 | $305,000 | 1,380 | 45.4% |
| 208 SCHUBERT AVE | 2025-04 | $331,000 | 1,312 | 47.6% |
| 641 DETTMAR TER | 2025-03 | $390,000 | 1,445 | 39.4% |
| 56 S OAKLAND AVE | 2026-05 | $306,500 | 1,204 | 43.8% |
| 123 MITCHELL AVE | 2026-05 | $300,000 | 1,198 | 47.5% |
| 37 KNIGHT AVE | 2025-10 | $353,000 | 1,320 | 37.4% |
Is this your house?
Run your own report →