The Fair Share Report
73 Mill Rd
Burlington, NJ 08046
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 $158,675 – $270,183, from 12 comparable Burlington 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 Burlington assessments sit below market value — republished every October, applied town-wide. A $196,842 home should be assessed near $124,365.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,965 below what the ratio math suggests (32.9%).
Step 4 · The tax rate — same for every Burlington home
$2.369 Schools · 53% $0.517 County · 12% $1.555 Town · 35%
Step 5 · The bill
This home vs. every recent Burlington sale · assessed ÷ market
25%82%
Paying about right
This home's ratio lands inside Burlington'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 |
|---|---|---|---|---|
| 828 WOOD ST | 2026-03 | $180,000 | 902 | 80.6% |
| 306 GLENWOOD AVE | 2025-06 | $285,000 | 1,038 | 44.9% |
| 434 HULME ST | 2025-08 | $117,000 | 1,105 | 88.2% |
| 1205 HIGH ST | 2025-02 | $220,000 | 1,064 | 51.2% |
| 854 E ROUTE 130 N | 2025-03 | $210,000 | 773 | 36.7% |
| 413 HOLMES DR | 2025-12 | $285,000 | 986 | 39.1% |
| 78 W FOURTH ST | 2025-02 | $155,000 | 896 | 44.3% |
| 406 YORK ST | 2025-02 | $180,000 | 960 | 42.1% |
| 244 FERNWOOD AVE | 2025-08 | $315,000 | 1,172 | 50.2% |
| 104 JUNIPER ST | 2026-01 | $239,000 | 1,118 | 50.3% |
| 522 BORDENTOWN RD | 2025-08 | $100,000 | 770 | 76.7% |
| 802 BORDENTOWN RD | 2025-03 | $255,000 | 1,176 | 51.2% |
Is this your house?
Run your own report →