The Fair Share Report
751 Main Rd
Franklin, NJ 08360
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 $236,855 – $332,857, 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 $286,957 home should be assessed near $167,698.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $38,598 below what the ratio math suggests (23.0%).
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
33%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 |
|---|---|---|---|---|
| 462 MAIN RD | 2026-06 | $165,000 | 1,096 | 70.6% |
| 678 PROPOSED AVE | 2025-05 | $310,000 | 1,071 | 44.1% |
| 2569 HARDING HWY | 2025-12 | $180,000 | 1,173 | 58.4% |
| 1232 PENNSYLVANIA AVE | 2026-05 | $250,000 | 1,050 | 36.2% |
| 1717 COLES MILL RD | 2025-03 | $285,000 | 1,215 | 52.2% |
| 2356 STANTON AVE | 2026-03 | $280,000 | 1,104 | 47.8% |
| 26 SHIREEN TER | 2025-05 | $300,000 | 1,242 | 53.3% |
| 1599 FOREST GROVE RD | 2025-12 | $260,000 | 1,248 | 50.5% |
| 2792 BIRCH AVE | 2025-01 | $300,000 | 1,120 | 56.9% |
| 796 PORCHTOWN RD | 2025-08 | $325,000 | 1,144 | 49.1% |
| 80 REDWOOD AVE | 2025-02 | $357,000 | 1,420 | 48.1% |
| 939 GARRISON RD | 2025-04 | $325,000 | 1,152 | 52.3% |
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