The Fair Share Report
705 Abbey Ct
Gloucester, NJ 08020
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 $149,194 – $221,923, from 12 comparable Gloucester 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 Gloucester assessments sit below market value — republished every October, applied town-wide. A $182,768 home should be assessed near $104,086.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $54,786 below what the ratio math suggests (52.6%).
Step 4 · The tax rate — same for every Gloucester home
$1.890 Schools · 45% $0.949 County · 23% $1.339 Town · 32%
Step 5 · The bill
This home vs. every recent Gloucester sale · assessed ÷ market
17%74%
Keep quiet and enjoy it
This home's assessment ratio sits below the Gloucester 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 |
|---|---|---|---|---|
| 285 KNOLL DRIVE | 2026-04 | $179,000 | 824 | 57.0% |
| 80 KNOLL DRIVE | 2025-12 | $235,000 | 872 | 45.0% |
| 229 KNOLL DRIVE | 2025-06 | $235,000 | 872 | 45.0% |
| 1004 BERWYCK COURT | 2026-04 | $145,000 | 908 | 45.5% |
| 1406 BERWYCK COURT | 2025-04 | $240,000 | 908 | 27.3% |
| 1806 HUNTINGDON MEWS | 2025-01 | $115,000 | 882 | 55.1% |
| 4505 ABERDEEN LANE | 2025-12 | $222,000 | 944 | 55.7% |
| 1010 HUNTINGDON MEWS | 2026-01 | $180,000 | 882 | 35.2% |
| 1204 HUNTINGDON MEWS | 2025-10 | $170,000 | 882 | 37.3% |
| 37 RAYSMITH ROAD | 2025-06 | $230,000 | 1,008 | 64.2% |
| 1803 WALDON COURT | 2026-04 | $170,000 | 585 | 30.2% |
| 1803 WALDON COURT | 2025-09 | $77,000 | 585 | 66.8% |
Is this your house?
Run your own report →