The Fair Share Report
116 Peter Rd
Stafford, NJ 08050
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 $355,188 – $1,039,018, from 12 comparable Stafford 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 Stafford assessments sit below market value — republished every October, applied town-wide. A $798,800 home should be assessed near $414,178.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $492,122 above what the ratio math suggests (118.8%).
Step 4 · The tax rate — same for every Stafford home
$1.048 Schools · 40% $0.603 County · 23% $0.972 Town · 37%
This home's own bill implies $1.003 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Stafford sale · assessed ÷ market
78%261%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (59.63%) — roughly $12,908/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1646 MILL CREEK ROAD | 2026-01 | $700,000 | 1,880 | 113.0% |
| 1951 MILL CREEK ROAD | 2026-05 | $1,650,150 | 1,766 | 84.8% |
| 106 ATLANTIC HILLS BLVD | 2026-03 | $350,000 | 1,891 | 114.9% |
| 100 HOPE LANE | 2025-06 | $680,000 | 1,774 | 111.0% |
| 247 JENNINGS ROAD | 2026-03 | $475,000 | 1,738 | 103.0% |
| 107 DEERFIELD DRIVE | 2026-02 | $400,000 | 1,891 | 100.3% |
| 112 SOUTHARD DRIVE | 2026-06 | $850,000 | 1,959 | 109.3% |
| 148 CATHERINE LANE | 2025-06 | $985,000 | 2,015 | 98.4% |
| 100 DEERFIELD DRIVE | 2026-01 | $395,000 | 1,715 | 96.4% |
| 1327 MILL CREEK ROAD | 2025-03 | $999,999 | 1,922 | 110.6% |
| 152 ANITA DRIVE | 2025-05 | $905,000 | 1,665 | 101.6% |
| 47 HENRY DRIVE | 2026-05 | $1,100,000 | 1,736 | 88.1% |
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