The Fair Share Report
681 E 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 $301,221 – $442,778, 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 $338,369 home should be assessed near $197,743.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,943 below what the ratio math suggests (4.5%).
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%
Paying about right
This home's ratio lands inside Franklin'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 |
|---|---|---|---|---|
| 358 GARRISON RD | 2025-10 | $300,000 | 1,668 | 54.8% |
| 764 TUCKAHOE RD | 2026-04 | $202,000 | 1,781 | 82.0% |
| 550 FENNEL RD | 2025-06 | $240,000 | 1,500 | 74.2% |
| 307 MORRIS AVE | 2025-08 | $365,000 | 1,548 | 51.7% |
| 1865 CLAYTON WILLIAMSTOWN | 2025-10 | $370,000 | 1,895 | 47.2% |
| 395 DUTCH MILL RD | 2025-02 | $375,000 | 2,118 | 58.4% |
| 2305 SHERIDAN AVE | 2025-05 | $385,000 | 2,076 | 46.5% |
| 2305 SHERIDAN AVE | 2025-02 | $257,040 | 2,076 | 69.6% |
| 3119 COLES MILL RD | 2025-02 | $270,000 | 1,252 | 53.7% |
| 2602 N BLUE BELL RD | 2025-06 | $430,000 | 1,624 | 44.8% |
| 1190 LITTLE MILL RD | 2025-03 | $360,000 | 1,430 | 55.9% |
| 2673 MAIN RD | 2025-03 | $385,000 | 1,404 | 40.3% |
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