The Fair Share Report
2 Cedar Ct
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.
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Step 1 · Market value
Likely range $678,984 – $973,569, from 12 comparable Jackson 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 Jackson assessments sit below market value — republished every October, applied town-wide. A $710,511 home should be assessed near $706,248.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,448 below what the ratio math suggests (5.9%).
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
63%118%
Paying about right
This home's ratio lands inside Jackson'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 |
|---|---|---|---|---|
| 627 REED ROAD | 2026-03 | $780,000 | 2,360 | 97.4% |
| 342 BENNETTS MILLS ROAD | 2025-12 | $684,000 | 2,296 | 105.8% |
| 4 CORINNE COURT | 2025-04 | $635,000 | 2,320 | 114.0% |
| 301 JACKSON MILLS ROAD | 2025-07 | $670,000 | 2,262 | 110.1% |
| 639 ELTONE ROAD | 2025-12 | $672,500 | 2,312 | 114.8% |
| 7 YELLOWWOOD COURT | 2025-02 | $950,000 | 2,376 | 91.5% |
| 6 HARMONY HILL COURT | 2025-07 | $658,000 | 2,240 | 103.6% |
| 205 FRANK APPLEGATE RD | 2026-06 | $690,000 | 2,261 | 105.1% |
| 718 E VETERANS HIGHWAY | 2025-11 | $620,000 | 2,248 | 96.1% |
| 16 BRIDGE COURT | 2025-09 | $1,053,500 | 2,518 | 77.8% |
| 3 STACY COURT | 2025-06 | $916,100 | 2,272 | 74.2% |
| 88 N NEW PROSPECT ROAD | 2025-08 | $990,000 | 2,316 | 72.5% |
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