The Fair Share Report
15 Spring St
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 $405,682 – $559,500, from 12 comparable Jackson sales in the past 18 months, at this home's 952 sq ft.
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 $483,556 home should be assessed near $480,655.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $137,055 below what the ratio math suggests (28.5%).
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
56%118%
Keep quiet and enjoy it
This home's assessment ratio sits below the Jackson pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 13 OREGON AVENUE | 2026-06 | $600,000 | 1,008 | 80.0% |
| 17 OREGON AVENUE | 2025-03 | $575,000 | 1,008 | 75.9% |
| 15 MONTANA DRIVE | 2025-05 | $625,000 | 1,008 | 79.0% |
| 30 DREXEL DRIVE | 2025-09 | $559,500 | 952 | 86.4% |
| 22 BRYANT DRIVE | 2025-07 | $590,000 | 1,008 | 79.5% |
| 2 DREW COURT | 2026-01 | $476,000 | 1,008 | 108.0% |
| 14 BLUE SPRUCE DRIVE | 2025-05 | $389,000 | 1,028 | 92.6% |
| 31 OCEAN AVENUE | 2026-02 | $400,000 | 1,056 | 114.1% |
| 33 GEORGIAN BOULEVARD | 2025-11 | $515,000 | 1,056 | 91.8% |
| 46 E CONNECTICUT CONCOURS | 2026-01 | $554,000 | 1,056 | 101.5% |
| 26 OREGON AVENUE | 2026-03 | $512,000 | 1,008 | 84.3% |
| 5 BEAM AVENUE | 2025-02 | $450,000 | 1,056 | 94.9% |
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