The Fair Share Report
615 Division St
Gloucester, NJ 08033
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 $187,755 – $222,545, from 12 comparable Gloucester City sales in the past 18 months, at this home's 1,224 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 $203,684 home should be assessed near $115,693.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,493 below what the ratio math suggests (30.7%).
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
26%71%
Paying about right
This home's ratio lands inside Gloucester City'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 |
|---|---|---|---|---|
| 1408 ORIENTAL AVE | 2025-09 | $215,000 | 1,292 | 60.2% |
| 1408 ORIENTAL AVE | 2025-02 | $176,000 | 1,292 | 73.6% |
| 404 HUDSON ST | 2026-03 | $212,000 | 1,224 | 38.8% |
| 404 HUDSON ST | 2025-10 | $150,000 | 1,224 | 54.8% |
| 406 HUDSON ST | 2025-09 | $211,000 | 1,224 | 31.4% |
| 408 HUDSON ST | 2025-04 | $187,755 | 1,224 | 43.6% |
| 1417 ORIENTAL AVE | 2025-07 | $300,000 | 1,455 | 50.1% |
| 328 JERSEY AVE | 2026-02 | $170,000 | 1,038 | 23.5% |
| 144 EDWARDS DR | 2025-10 | $367,000 | 1,515 | 38.0% |
| 612 DIVISION ST | 2026-02 | $195,000 | 1,200 | 33.6% |
| 612 DIVISION ST | 2026-02 | $130,000 | 1,200 | 50.5% |
| 1425 CHESTNUT AVE | 2026-01 | $350,000 | 1,598 | 44.8% |
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