The Fair Share Report
16 Lantern Ln
Mansfield, 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 $447,713 – $510,826, from 12 comparable Mansfield sales in the past 18 months, at this home's 1,958 sq ft.
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 $472,008 home should be assessed near $267,723.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $71,923 below what the ratio math suggests (26.9%).
Step 4 · The tax rate — same for every Mansfield home
$2.211 Schools · 69% $0.502 County · 16% $0.509 Town · 16%
This home's own bill implies $3.094 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Mansfield sale · assessed ÷ market
32%71%
Paying about right
This home's ratio lands inside Mansfield's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 59 BARBARY LANE | 2025-06 | $520,000 | 1,968 | 44.6% |
| 85 WAGON WHEEL LANE | 2025-10 | $455,000 | 1,954 | 43.0% |
| 51 COUNTRY LANE | 2025-12 | $398,000 | 1,944 | 48.8% |
| 14 HARRINGTON DRIVE | 2025-02 | $515,000 | 1,974 | 45.2% |
| 213 HOMESTEAD CIRCLE | 2026-02 | $385,000 | 2,163 | 55.0% |
| 89 LANTERN LANE | 2025-10 | $425,000 | 1,763 | 43.1% |
| 60 VANDEVERE LANE | 2025-02 | $470,000 | 1,844 | 46.3% |
| 31 HARRINGTON DRIVE | 2026-05 | $495,000 | 2,060 | 48.3% |
| 4 ELLINGTON DRIVE | 2026-04 | $600,000 | 2,077 | 39.9% |
| 40 VANDEVERE LANE | 2025-02 | $440,000 | 1,840 | 51.9% |
| 11 ASHFORD COURT | 2025-03 | $480,000 | 1,852 | 49.8% |
| 26 CHAMBER LANE | 2025-09 | $535,000 | 2,108 | 39.6% |
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