The Fair Share Report

7 Pointers Auburn Rd

Oldmans, NJ 08085

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

≈ $320,000

Likely range $240,000 – $335,000, from 10 comparable Oldmans sales in the past 18 months.

Step 2 · The Director's Ratio

80.69%

The state's official measure of how far Oldmans assessments sit below market value — republished every October, applied town-wide. A $320,000 home should be assessed near $258,208.

Step 3 · Assessed value

$148,000

Set at the last town-wide revaluation and mostly frozen since. That's $110,208 below what the ratio math suggests (42.7%).

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

$2.699 per $100 assessed

$1.223 Schools · 45% $1.279 County · 47% $0.197 Town · 7%

Step 5 · The bill

$3,995/yr
Public schools$1,810
Salem County$1,893
Town of Oldmans$292
Oldmans average$5,627

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

Town median 72.1%
This home · 46.3%

39%121%

Paying about right

This home's ratio lands inside Oldmans's normal band. The drift hasn't singled it out — no case for a tax appeal.

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

AddressSoldPriceSq ftRatio
93 PENNSVL-PEDRICKTN RD2025-08$324,0001,49666.0%
63 PORCUPINE RD2025-03$240,0001,16662.5%
25 POINTERS-AUBURN RD2025-01$335,0001,56063.7%
6 PORCUPINE RD2026-04$270,0001,34459.7%
52 NEW RD2025-06$320,0001,68379.8%
102 PENNSVL-PEDRICKTN RD2026-03$350,0002,19270.3%
123 PENNSVL-PEDRICKTN RD2026-05$266,00089640.2%
8-8A PEDRICKTN-WOODSTN RD2025-08$165,0002,726115.3%
8-8A PEDRICKTN-WOODSTN RD2025-02$187,0002,726101.8%
2 LERRO RD2025-06$375,0001,25659.2%

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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 →