The Fair Share Report
79 Second St
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 $232,058 – $344,018, 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 $269,510 home should be assessed near $157,502.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,298 above what the ratio math suggests (6.5%).
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
37%78%
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% |
| 536 KESSEL AVE | 2025-08 | $260,000 | 1,576 | 52.5% |
| 4314 TUCKAHOE RD | 2025-07 | $315,000 | 1,527 | 47.8% |
| 25 DOUGLAS AVE | 2025-06 | $280,000 | 1,628 | 51.8% |
| 1657 DELSEA DR | 2025-01 | $100,000 | 1,460 | 119.5% |
| 615 GEORGE ST | 2025-01 | $240,000 | 1,612 | 53.0% |
| 80 REDWOOD AVE | 2025-02 | $357,000 | 1,420 | 48.1% |
| 1190 LITTLE MILL RD | 2025-03 | $360,000 | 1,430 | 55.9% |
| 2316 COLES MILL RD | 2025-02 | $207,000 | 1,368 | 76.2% |
| 550 FENNEL RD | 2025-06 | $240,000 | 1,500 | 74.2% |
| 6374 LAKE RD | 2025-11 | $220,000 | 1,334 | 76.7% |
| 633 ROBERTS AVE | 2025-09 | $300,000 | 1,304 | 44.7% |
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