The Fair Share Report
145 Mitchell Rd
Mansfield, NJ 08690
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 $693,268 – $764,361, from 6 comparable Mansfield 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 Mansfield assessments sit below market value — republished every October, applied town-wide. A $696,469 home should be assessed near $413,145.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $169,455 above what the ratio math suggests (41.0%).
Step 4 · The tax rate — same for every Mansfield home
$2.066 Schools · 58% $0.800 County · 22% $0.696 Town · 20%
Step 5 · The bill
This home vs. every recent Mansfield sale · assessed ÷ market
33%89%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (68.22%) — roughly $6,038/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 50 THOMAS ROAD | 2025-12 | $455,000 | 1,634 | 69.4% |
| 525 WATTERS ROAD | 2025-07 | $700,000 | 3,602 | 46.6% |
| 226 MAIN STREET | 2025-02 | $400,000 | 2,740 | 57.8% |
| 12 COUNTRY MEADOW ROAD | 2025-09 | $790,000 | 3,957 | 60.3% |
| 9 MOUNTAIN VIEW LANE | 2026-04 | $649,000 | 3,075 | 65.5% |
| 25 MOUNTAIN VIEW LN | 2025-12 | $599,900 | 3,075 | 65.6% |
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