The Fair Share Report
512 Ithaca Ave
Delran, NJ 08075
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 $375,777 – $429,704, 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 $414,248 home should be assessed near $217,729.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $30,129 below what the ratio math suggests (13.8%).
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%
Paying about right
This home's ratio lands inside Delran'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 |
|---|---|---|---|---|
| 811 FORDHAM ST | 2025-12 | $367,500 | 1,516 | 50.8% |
| 328 ITHACA AVE | 2025-04 | $220,000 | 1,516 | 82.8% |
| 740 BAYLOR ST | 2025-10 | $390,000 | 1,516 | 47.6% |
| 833 DREXEL ST | 2025-04 | $400,000 | 1,516 | 45.7% |
| 809 COLBY AVE | 2025-09 | $386,500 | 1,556 | 47.8% |
| 819 FORDHAM ST | 2025-12 | $220,000 | 1,516 | 81.5% |
| 178 FORGE RD | 2025-07 | $460,000 | 1,574 | 45.6% |
| 269 BURNING TREE RD | 2025-07 | $419,900 | 1,600 | 49.8% |
| 230 AQUA LANE | 2025-06 | $440,000 | 1,600 | 47.0% |
| 810 PARRY RD | 2025-02 | $425,000 | 1,600 | 48.3% |
| 207 FARMINGTON RD | 2026-03 | $440,000 | 1,600 | 46.7% |
| 518 GREENWOOD AVE | 2025-07 | $380,000 | 1,664 | 45.5% |
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