The Fair Share Report

1 Eagle Dr

Jefferson, NJ 07438

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.

Step 1 · Market value

≈ $412,531

Likely range $333,108 – $458,661, from 12 comparable Jefferson sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

69.72%

The state's official measure of how far Jefferson assessments sit below market value — republished every October, applied town-wide. A $412,531 home should be assessed near $287,617.

Step 3 · Assessed value

$244,300

Set at the last town-wide revaluation and mostly frozen since. That's $43,317 below what the ratio math suggests (15.1%).

Step 4 · The tax rate — same for every Jefferson home

$3.003 per $100 assessed

$1.809 Schools · 60% $0.295 County · 10% $0.899 Town · 30%

Step 5 · The bill

$7,583/yr
Public schools$4,568
Morris County$745
Town of Jefferson$2,270
Jefferson average$9,952

This home vs. every recent Jefferson sale · assessed ÷ market

Town median 60.3%
This home · 59.2%

43%86%

Paying about right

This home's ratio lands inside Jefferson's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
18 MARINE TER2026-03$435,0001,21257.6%
301 ESPANONG RD2025-05$352,0001,26462.7%
71 ROOSEVELT AVE2025-05$480,0001,28850.6%
9 MILLBURN DR2025-11$410,0001,19051.0%
54 WINONA TRL2026-03$175,0001,142107.6%
237 PROSPECT PT RD2026-02$510,0001,39247.4%
645 BERKSHIRE VALLEY RD2025-09$370,0001,30570.2%
41 HIGH VIEW TRL2025-09$389,0001,22860.4%
5509 BERKSHIRE VALLEY RD2025-03$477,1001,28860.3%
12 HIGH VIEW TER2025-11$370,0001,17063.9%
36 HILLSIDE AVE2025-10$280,0001,17375.5%
7 BEAVER PT TRL2025-11$480,0001,09853.7%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →