The Fair Share Report
606 Hunter St
Gloucester, NJ 08030
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Good news — this home pays less than its share
Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.
Step 1 · Market value
Likely range $359,569 – $380,792, from 12 comparable Gloucester City sales in the past 18 months, at this home's 2,717 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Gloucester City assessments sit below market value — republished every October, applied town-wide. A $367,194 home should be assessed near $208,566.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $97,366 below what the ratio math suggests (46.7%).
Step 4 · The tax rate — same for every Gloucester City home
$1.323 Schools · 25% $0.921 County · 17% $3.048 Town · 58%
Step 5 · The bill
This home vs. every recent Gloucester City sale · assessed ÷ market
24%71%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 413 SOMERSET ST | 2025-11 | $379,000 | — | 15.3% |
| 840 CUMBERLAND ST | 2025-08 | $385,000 | 2,464 | 40.4% |
| 714 HUNTER ST | 2025-07 | $315,000 | 2,319 | 34.6% |
| 218 SOMERSET ST | 2025-12 | $235,000 | 2,378 | 49.2% |
| 145 OXFORD AVE | 2025-06 | $370,000 | 2,750 | 52.4% |
| 613 MARKET ST | 2025-10 | $138,000 | 1,764 | 85.1% |
| 901 CHAMBERS AVE | 2025-07 | $360,000 | 2,671 | 46.3% |
| 501 N JOHNSON BLVD | 2026-02 | $344,350 | 2,602 | 49.8% |
| 942 PAUL ST | 2025-09 | $398,000 | 2,692 | 42.3% |
| 17 SWARTHMORE AVE | 2025-08 | $403,000 | 2,752 | 49.9% |
| 326 JERSEY AVE | 2025-12 | $370,000 | 2,640 | 38.9% |
| 318 MONMOUTH ST | 2025-04 | $325,000 | 2,428 | 42.1% |
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