The Fair Share Report
1024 E Commerce St
Fairfield, NJ 08302
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 $140,659 – $260,000, from 12 comparable Fairfield sales in the past 18 months, at this home's 960 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Fairfield assessments sit below market value — republished every October, applied town-wide. A $187,500 home should be assessed near $156,244.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,744 below what the ratio math suggests (19.0%).
Step 4 · The tax rate — same for every Fairfield home
$1.447 Schools · 49% $1.029 County · 35% $0.495 Town · 17%
Step 5 · The bill
This home vs. every recent Fairfield sale · assessed ÷ market
43%130%
Paying about right
This home's ratio lands inside Fairfield'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 |
|---|---|---|---|---|
| 405 CLARKS POND RD | 2026-02 | $200,000 | 1,024 | 87.8% |
| 217 RAMAH RD | 2025-02 | $300,000 | 888 | 74.9% |
| 31 MAIN ST | 2025-08 | $190,000 | 940 | 101.2% |
| 16 WALDENS DR | 2025-12 | $260,000 | 960 | 53.4% |
| 313 SHOEMAKER LN | 2026-01 | $145,000 | 960 | 88.7% |
| 19 WALDENS DR | 2026-02 | $300,000 | 1,040 | 57.6% |
| 444 EAST AVE | 2025-02 | $148,400 | 912 | 96.2% |
| 330 CLARKS POND RD | 2025-04 | $265,000 | 1,092 | 57.9% |
| 11 SUNSET LN | 2026-01 | $237,000 | 1,008 | 58.3% |
| 11 SUNSET LN | 2025-02 | $131,200 | 1,008 | 105.3% |
| 419 REEVES RD | 2025-09 | $100,000 | 816 | 112.0% |
| 6 BAREND ST | 2025-04 | $160,000 | 1,092 | 100.6% |
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