The Fair Share Report
68 Ely Ave
Franklin, NJ 08322
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 $363,510 – $393,016, from 12 comparable Franklin 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 Franklin assessments sit below market value — republished every October, applied town-wide. A $385,977 home should be assessed near $225,565.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $56,965 below what the ratio math suggests (25.3%).
Step 4 · The tax rate — same for every Franklin home
$2.153 Schools · 58% $0.732 County · 20% $0.856 Town · 23%
Step 5 · The bill
This home vs. every recent Franklin sale · assessed ÷ market
37%74%
Keep quiet and enjoy it
This home's assessment ratio sits below the Franklin pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 15 MCCURDY AVE | 2025-05 | $370,000 | 1,240 | 51.8% |
| 101 EAGLE LN | 2025-03 | $335,000 | 1,344 | 44.3% |
| 1234 WILLIAMSTOWN RD | 2025-01 | $325,000 | 1,458 | 58.0% |
| 1729 FOREST GROVE RD | 2025-02 | $365,000 | 1,249 | 46.6% |
| 61 HOWARD AVE | 2025-12 | $385,000 | 1,480 | 39.1% |
| 181 ROOSEVELT AVE | 2026-05 | $480,000 | 1,648 | 42.4% |
| 2602 N BLUE BELL RD | 2025-06 | $430,000 | 1,624 | 44.8% |
| 600 HOLLY DR | 2025-04 | $360,000 | 1,352 | 58.7% |
| 2455 GRANT AVE | 2025-08 | $395,000 | 1,550 | 49.8% |
| 225 MALAGA PARK DR | 2025-04 | $365,000 | 1,392 | 56.0% |
| 6520 LAKE RD | 2025-09 | $356,000 | 1,341 | 46.6% |
| 78 LACEY RAE DR | 2026-04 | $475,000 | 1,796 | 47.4% |
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