The Fair Share Report
53 Ely Ave
Franklin, NJ 08322
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 $299,443 – $364,708, from 12 comparable Franklin sales in the past 18 months, at this home's 1,248 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Franklin assessments sit below market value — republished every October, applied town-wide. A $325,457 home should be assessed near $190,197.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,997 below what the ratio math suggests (24.2%).
Step 4 · The tax rate — same for every Franklin home
$2.153 Schools · 58% $0.732 County · 20% $0.856 Town · 23%
Step 5 · The bill
This home vs. every recent Franklin sale · assessed ÷ market
34%74%
Paying about right
This home's ratio lands inside Franklin'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 |
|---|---|---|---|---|
| 101 EAGLE LN | 2025-03 | $335,000 | 1,344 | 44.3% |
| 32 CERTAIN AVE | 2025-05 | $299,900 | 1,150 | 51.1% |
| 15 MCCURDY AVE | 2025-05 | $370,000 | 1,240 | 51.8% |
| 939 GARRISON RD | 2025-04 | $325,000 | 1,152 | 52.3% |
| 6520 LAKE RD | 2025-09 | $356,000 | 1,341 | 46.6% |
| 1729 FOREST GROVE RD | 2025-02 | $365,000 | 1,249 | 46.6% |
| 48 LAY DR | 2026-01 | $250,000 | 1,108 | 60.0% |
| 1599 FOREST GROVE RD | 2025-12 | $260,000 | 1,248 | 50.5% |
| 161 ELY AVE | 2026-04 | $330,000 | 1,056 | 39.9% |
| 161 ELY AVE | 2025-02 | $275,000 | 1,056 | 47.8% |
| 1234 WILLIAMSTOWN RD | 2025-01 | $325,000 | 1,458 | 58.0% |
| 1704 GRANT AVE | 2025-10 | $310,000 | 1,292 | 50.3% |
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