The Fair Share Report
16 E Mill Rd
Northfield, NJ 08225
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Northfield's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $389,592 – $479,547, 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 $436,384 home should be assessed near $266,762.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $56,762 below what the ratio math suggests (21.3%).
Step 4 · The tax rate — same for every Northfield home
$2.086 Schools · 55% $0.563 County · 15% $1.127 Town · 30%
This home's own bill implies $3.659 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Northfield sale · assessed ÷ market
35%78%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2501 HERBERT DR | 2025-05 | $415,000 | 1,797 | 49.2% |
| 2044 CEDARBRIDGE RD | 2025-07 | $425,000 | 1,680 | 51.8% |
| 202 DAVIS AVE | 2025-08 | $464,000 | 1,584 | 48.9% |
| 2419 CEDARBRIDGE RD | 2025-08 | $370,000 | 1,805 | 73.4% |
| 2301 SHEPHERD DR | 2025-03 | $525,000 | 1,977 | 49.0% |
| 6 HOLLY DR | 2026-02 | $475,000 | 1,738 | 48.4% |
| 135 E REVERE AVE | 2025-07 | $430,000 | 1,833 | 45.4% |
| 1607 WELLS AVE | 2026-04 | $402,500 | 1,714 | 47.2% |
| 720 PASADENA DR | 2025-03 | $415,000 | 1,646 | 52.7% |
| 100 CATHERINE PL | 2026-03 | $507,000 | 1,848 | 43.4% |
| 715 FUAE AVE | 2026-02 | $495,000 | 1,702 | 47.7% |
| 2417 CEDARBRIDGE RD | 2025-03 | $420,000 | 1,863 | 50.0% |
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