The Fair Share Report
11 Iris Dr
Jackson, NJ 08527
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 $526,291 – $640,063, from 12 comparable Jackson 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 Jackson assessments sit below market value — republished every October, applied town-wide. A $583,886 home should be assessed near $580,383.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $74,383 below what the ratio math suggests (12.8%).
Step 4 · The tax rate — same for every Jackson home
$0.781 Schools · 56% $0.320 County · 23% $0.284 Town · 21%
Step 5 · The bill
This home vs. every recent Jackson sale · assessed ÷ market
74%118%
Paying about right
This home's ratio lands inside Jackson'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 |
|---|---|---|---|---|
| 28 MONTANA DRIVE | 2025-06 | $650,000 | 1,470 | 88.8% |
| 11 BRYANT DRIVE | 2025-08 | $625,000 | 1,428 | 90.8% |
| 8 SPRUCE TERRACE | 2025-08 | $515,000 | 1,408 | 102.6% |
| 5 HAWAII ROAD | 2026-06 | $605,000 | 1,496 | 85.7% |
| 1012 WOODLANE ROAD | 2025-08 | $530,000 | 1,470 | 102.1% |
| 5 ILLINOIS AVENUE | 2025-12 | $510,000 | 1,534 | 107.9% |
| 36 PINECREST AVENUE | 2025-05 | $550,000 | 1,488 | 97.5% |
| 12 INDIANA AVENUE | 2026-06 | $662,500 | 1,428 | 93.2% |
| 15 W VIRGINIA AVENUE | 2026-01 | $620,000 | 1,508 | 88.4% |
| 9 RHODE ISLAND DRIVE | 2025-05 | $615,000 | 1,522 | 89.5% |
| 10 PRINCETON DRIVE | 2025-02 | $605,000 | 1,470 | 97.7% |
| 6 TRINITY PLACE | 2026-01 | $575,000 | 1,428 | 111.0% |
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