The Fair Share Report
116 E Mill Rd
Northfield, NJ 08225
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 $401,440 – $488,789, from 12 comparable Northfield 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 Northfield assessments sit below market value — republished every October, applied town-wide. A $470,372 home should be assessed near $287,538.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $87,538 below what the ratio math suggests (30.4%).
Step 4 · The tax rate — same for every Northfield home
$2.086 Schools · 55% $0.563 County · 15% $1.127 Town · 30%
Step 5 · The bill
This home vs. every recent Northfield sale · assessed ÷ market
35%78%
Paying about right
This home's ratio lands inside Northfield'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 |
|---|---|---|---|---|
| 807 BROAD ST | 2024-12 | $520,000 | 1,755 | 37.5% |
| 313 BROAD ST | 2026-05 | $380,000 | 1,770 | 66.8% |
| 3 MEREDITH CT | 2026-04 | $493,000 | 1,680 | 44.6% |
| 102 E GLENCOVE AVE | 2025-10 | $435,000 | 1,666 | 55.2% |
| 12 HAINING PLACE | 2025-11 | $610,000 | 1,906 | 44.3% |
| 107 E YORKSHIRE AVE | 2025-08 | $418,000 | 1,428 | 53.8% |
| 1904 OAK AVE | 2025-06 | $514,000 | 1,916 | 42.8% |
| 6 HOLLY DR | 2026-02 | $475,000 | 1,738 | 48.4% |
| 607 HERZEL AVE | 2025-12 | $460,000 | 1,444 | 46.5% |
| 107 E MILL RD | 2025-03 | $425,000 | 1,480 | 52.9% |
| 415 MT VERNON AVE | 2025-02 | $400,000 | 1,878 | 62.2% |
| 2044 CEDARBRIDGE RD | 2025-07 | $425,000 | 1,680 | 51.8% |
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