The Fair Share Report
54 Third St
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 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.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since.
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
The record, in full
Not enough closely-comparable recent sales in Franklin for a fairness verdict — the town's current median assessment ratio is 51.0%.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 21 HILEY AVE | 2025-04 | $239,000 | 464 | 32.5% |
| 1376 MARSHALL MILL RD | 2025-01 | $126,000 | 768 | 99.6% |
| 27 PINE ST | 2025-10 | $255,000 | 742 | 41.2% |
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