The Fair Share Report
540 Cherry St
Florence, NJ 08554
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 $202,268 – $476,392, from 12 comparable Florence 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 Florence assessments sit below market value — republished every October, applied town-wide. A $315,197 home should be assessed near $243,962.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $79,238 above what the ratio math suggests (32.5%).
Step 4 · The tax rate — same for every Florence home
$1.817 Schools · 65% $0.407 County · 15% $0.565 Town · 20%
Step 5 · The bill
This home vs. every recent Florence sale · assessed ÷ market
47%165%
Paying about right
This home's ratio lands inside Florence'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 |
|---|---|---|---|---|
| 134 FOURTH AVE | 2025-08 | $180,000 | 2,208 | 92.1% |
| 14 BARBEE CT | 2025-05 | $545,000 | 2,184 | 49.8% |
| 122 RIDGWAY DR | 2025-08 | $527,000 | 2,054 | 47.4% |
| 1000 THIRD ST WEST | 2025-05 | $180,000 | 1,752 | 76.9% |
| 725 FIFTH STREET | 2025-03 | $399,000 | 2,282 | 81.1% |
| 118 SIXTH AVE | 2025-12 | $217,000 | 1,629 | 71.8% |
| 118 SIXTH AVE | 2025-11 | $127,500 | 1,629 | 122.3% |
| 623 THIRD ST WEST | 2025-04 | $180,000 | 1,444 | 79.1% |
| 636 FRONT ST EAST | 2025-01 | $145,000 | 1,423 | 111.9% |
| 906 SCHISLER DRIVE | 2025-03 | $395,000 | 1,900 | 73.0% |
| 26 SECOND ST WEST | 2025-04 | $170,000 | 1,536 | 79.7% |
| 110 FIFTH AVE | 2026-04 | $215,000 | 1,472 | 70.9% |
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