The Fair Share Report
511 Leone Rd
Woolwich, NJ 08085
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 $371,302 – $535,035, from 12 comparable Woolwich 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 Woolwich assessments sit below market value — republished every October, applied town-wide. A $408,053 home should be assessed near $262,541.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,541 below what the ratio math suggests (7.4%).
Step 4 · The tax rate — same for every Woolwich home
$2.090 Schools · 62% $0.706 County · 21% $0.580 Town · 17%
Step 5 · The bill
This home vs. every recent Woolwich sale · assessed ÷ market
40%79%
Paying about right
This home's ratio lands inside Woolwich'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 |
|---|---|---|---|---|
| 1031 RUSSELL MILL RD | 2025-10 | $510,000 | 1,900 | 46.6% |
| 347 PAULSBORO RD | 2025-12 | $510,000 | 2,170 | 50.1% |
| 1803 LEXINGTON MEWS | 2025-05 | $369,000 | 1,875 | 66.9% |
| 133 BANTRY ST | 2025-08 | $385,000 | 2,008 | 67.4% |
| 135 BANTRY ST | 2025-05 | $390,000 | 2,008 | 57.1% |
| 504 LEXINGTON MEWS | 2025-03 | $375,000 | 1,792 | 56.2% |
| 20 BELFIORE DR | 2025-09 | $600,000 | 2,121 | 54.5% |
| 508 LEXINGTON MEWS | 2026-06 | $340,000 | 1,748 | 61.1% |
| 1801 LEXINGTON MEWS | 2025-11 | $369,000 | 1,748 | 60.2% |
| 1406 LEXINGTON MEWS | 2025-11 | $389,900 | 1,748 | 64.3% |
| 1805 LEXINGTON MEWS | 2025-08 | $360,000 | 1,748 | 64.4% |
| 566 WOODSTOWN RD | 2025-07 | $250,000 | 2,552 | 28.4% |
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