The Fair Share Report

61 Sullivan Way

Evesham, NJ 08053

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.

Step 1 · Market value

≈ $517,156

Likely range $507,500 – $545,881, from 12 comparable Evesham sales in the past 18 months, at this home's 2,457 sq ft.

Step 2 · The Director's Ratio

60.98%

The state's official measure of how far Evesham assessments sit below market value — republished every October, applied town-wide. A $517,156 home should be assessed near $315,362.

Step 3 · Assessed value

$331,700

Set at the last town-wide revaluation and mostly frozen since. That's $16,338 above what the ratio math suggests (5.2%).

Step 4 · The tax rate — same for every Evesham home

$3.451 per $100 assessed

$2.333 Schools · 68% $0.523 County · 15% $0.595 Town · 17%

Step 5 · The bill

$12,236/yr
Public schools$8,272
Burlington County$1,854
Town of Evesham$2,110
Evesham average$9,431

This home vs. every recent Evesham sale · assessed ÷ market

Town median 53.4%
This home · 64.1%

39%76%

A touch high — worth watching

This home's ratio sits above most of Evesham, but doesn't clear NJ's legal appeal line (70.13%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
5 SULLIVAN WAY2025-08$507,5002,45767.0%
31 EDDY WAY2026-04$570,0002,56159.3%
59 EDDY WAY2025-10$568,9002,52158.5%
55 EDDY WAY2025-08$560,1002,52159.8%
31 SULLIVAN WAY2026-02$571,0002,47356.9%
38 KEEGAN COURT2025-08$510,0002,42364.3%
89 ISABELLE COURT2025-07$559,9002,65265.2%
83 ISABELLE COURT2025-07$555,0002,65264.5%
10 WIMBLEDON WAY2026-02$520,1502,54453.5%
37 TUDOR COURT2025-04$540,0002,54451.9%
15 KEEGAN COURT2025-05$525,0002,71168.2%
46 EDDY WAY2025-08$620,0002,83359.6%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →