The Fair Share Report
2 Bear Dr
Jefferson, NJ 07438
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 $421,518 – $528,804, from 12 comparable Jefferson 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 Jefferson assessments sit below market value — republished every October, applied town-wide. A $485,417 home should be assessed near $338,433.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $76,533 below what the ratio math suggests (22.6%).
Step 4 · The tax rate — same for every Jefferson home
$1.809 Schools · 60% $0.295 County · 10% $0.899 Town · 30%
Step 5 · The bill
This home vs. every recent Jefferson sale · assessed ÷ market
43%86%
Paying about right
This home's ratio lands inside Jefferson'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 |
|---|---|---|---|---|
| 301 ESPANONG RD | 2025-05 | $352,000 | 1,264 | 62.7% |
| 20 MC NABB RD | 2025-11 | $550,000 | 1,522 | 78.4% |
| 111 WILDWOOD RD | 2025-05 | $451,000 | 1,317 | 55.3% |
| 11 MAINE ST | 2026-01 | $600,000 | 1,626 | 64.1% |
| 9 BENEDICT DR | 2025-06 | $825,000 | 1,372 | 54.9% |
| 67 WILDWOOD RD | 2025-10 | $570,000 | 1,370 | 56.4% |
| 49 N LAKESIDE AVE | 2026-03 | $675,000 | 1,510 | 84.0% |
| 5453 BERKSHIRE VALLEY RD | 2026-05 | $471,000 | 1,274 | 55.5% |
| 33 SHORE RD | 2026-02 | $550,000 | 1,584 | 58.8% |
| 20 HERITAGE CT | 2026-04 | $440,000 | 1,326 | 57.0% |
| 2 RED OAK TER | 2025-06 | $389,000 | 1,326 | 61.0% |
| 36 PINE HOLLOW CT | 2025-03 | $390,000 | 1,326 | 64.5% |
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