The Fair Share Report
64 Yard Rd
Delaware, NJ 08559
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.
This home's payments are about right
It sits inside Delaware's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $518,597 – $811,801, from 12 comparable Delaware 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 Delaware assessments sit below market value — republished every October, applied town-wide. A $621,375 home should be assessed near $405,509.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,509 below what the ratio math suggests (13.2%).
Step 4 · The tax rate — same for every Delaware home
$1.783 Schools · 62% $0.544 County · 19% $0.555 Town · 19%
Step 5 · The bill
This home vs. every recent Delaware sale · assessed ÷ market
37%89%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 168 LOCKTOWN FLEMINGTON | 2026-03 | $618,600 | 2,268 | 54.5% |
| 27 SANDY RIDGE ROAD | 2025-05 | $822,000 | 2,016 | 47.2% |
| 75 PINE HILL ROAD | 2025-11 | $730,000 | 1,722 | 48.2% |
| 84 SANDBROOK HQTS ROAD | 2025-12 | $725,000 | 1,920 | 56.5% |
| 229 LAMBERTVILLE HQTS RD | 2025-12 | $770,000 | 2,690 | 56.0% |
| 7 MESZAROS ROAD | 2025-05 | $550,000 | 2,496 | 68.3% |
| 816 ROSEMONT RINGOES ROAD | 2026-05 | $830,000 | 1,694 | 42.8% |
| 129 SANDY RIDGE ROAD | 2025-09 | $800,000 | 2,517 | 55.6% |
| 57 RAVEN ROCK ROAD | 2025-04 | $900,000 | 2,687 | 53.6% |
| 20 DOGWOOD DRIVE | 2025-03 | $600,000 | 2,500 | 56.4% |
| 111 LOCKTOWN SERG. ROAD | 2025-06 | $525,000 | 1,308 | 56.5% |
| 467 COUNTY ROAD 579 | 2025-11 | $515,000 | 1,766 | 56.3% |
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