The Fair Share Report
705 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 $231,384 – $364,069, 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 $306,127 home should be assessed near $178,901.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,601 below what the ratio math suggests (16.5%).
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
36%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 |
|---|---|---|---|---|
| 1612 DELSEA DR | 2026-06 | $275,000 | 1,603 | 52.1% |
| 632 TANGER AVE | 2025-09 | $330,000 | 1,348 | 47.5% |
| 615 GEORGE ST | 2025-01 | $240,000 | 1,612 | 53.0% |
| 536 KESSEL AVE | 2025-08 | $260,000 | 1,576 | 52.5% |
| 120 WADDELL AVE | 2026-03 | $240,500 | 1,365 | 63.7% |
| 26 SHIREEN TER | 2025-05 | $300,000 | 1,242 | 53.3% |
| 32 FIFTH ST | 2026-03 | $402,000 | 1,432 | 45.3% |
| 80 HALE AVE | 2026-04 | $308,000 | 1,480 | 43.3% |
| 3338 DELSEA DR | 2025-02 | $240,000 | 1,612 | 61.7% |
| 633 ROBERTS AVE | 2025-09 | $300,000 | 1,304 | 44.7% |
| 573 KESSEL AVE | 2025-06 | $355,000 | 1,676 | 53.1% |
| 484 KAREN AVE | 2024-12 | $300,000 | 1,536 | 48.0% |
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