The Fair Share Report
122 Paddock Dr
Springfield, NJ 08022
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 $628,744 – $794,630, from 10 comparable Springfield sales in the past 18 months, at this home's 2,942 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Springfield assessments sit below market value — republished every October, applied town-wide. A $718,770 home should be assessed near $413,437.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,363 above what the ratio math suggests (9.8%).
Step 4 · The tax rate — same for every Springfield home
$1.943 Schools · 58% $0.554 County · 16% $0.874 Town · 26%
Step 5 · The bill
This home vs. every recent Springfield sale · assessed ÷ market
33%96%
A touch high — worth watching
This home's ratio sits above most of Springfield, but doesn't clear NJ's legal appeal line (66.15%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2582 MONMOUTH ROAD | 2025-09 | $850,000 | 3,147 | 44.6% |
| 1284 OLD YORK ROAD | 2025-10 | $720,000 | 3,369 | 48.5% |
| 113 PADDOCK DRIVE | 2025-05 | $899,000 | 3,535 | 53.1% |
| 332 JULIUSTOWN RD | 2025-09 | $662,500 | 2,270 | 43.2% |
| 120 GILBERT RD | 2025-05 | $278,000 | 1,626 | 98.2% |
| 137 WARNER ROAD | 2025-06 | $580,000 | 2,374 | 42.4% |
| 13 WYNWOOD DRIVE | 2025-12 | $549,000 | 2,328 | 45.8% |
| 137 ACCESS HWY | 2025-10 | $563,000 | 1,960 | 47.0% |
| 343 JULIUSTOWN RD | 2025-03 | $450,000 | 2,142 | 63.4% |
| 240 BURRS ROAD | 2025-07 | $508,000 | 2,188 | 46.7% |
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