The Fair Share Report
700 E Evesham Ave
Magnolia, NJ 08049
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 $201,559 – $321,796, from 12 comparable Magnolia 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 Magnolia assessments sit below market value — republished every October, applied town-wide. A $272,269 home should be assessed near $163,470.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,370 below what the ratio math suggests (19.2%).
Step 4 · The tax rate — same for every Magnolia home
$2.591 Schools · 52% $1.007 County · 20% $1.369 Town · 28%
Step 5 · The bill
This home vs. every recent Magnolia sale · assessed ÷ market
35%80%
Paying about right
This home's ratio lands inside Magnolia'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 |
|---|---|---|---|---|
| 126 N KING ST | 2025-04 | $310,000 | 1,016 | 46.1% |
| 302 WASHINGTON AVE | 2026-02 | $269,000 | 1,288 | 50.4% |
| 300 W EVESHAM AVE | 2026-02 | $200,000 | 1,008 | 60.6% |
| 413 N WARWICK RD | 2025-09 | $260,000 | 912 | 45.0% |
| 114 E JEFFERSON AVE | 2025-11 | $355,000 | 1,212 | 46.7% |
| 115 S GLOUCESTER AVE | 2025-11 | $231,000 | 1,200 | 64.0% |
| 430 W BROOKE AVE | 2026-01 | $348,000 | 1,320 | 52.1% |
| 621 E EVESHAM ROAD | 2026-04 | $275,000 | 936 | 40.8% |
| 119 W MADISON AVE | 2026-02 | $345,000 | 1,065 | 39.7% |
| 204 E WASHINGTON AVE | 2025-04 | $233,500 | 1,252 | 60.3% |
| 204 S CUMBERLAND AVE | 2026-04 | $240,000 | 1,072 | 61.9% |
| 113 E EVESHAM AVE | 2025-01 | $287,000 | 1,130 | 50.1% |
Is this your house?
Run your own report →