The Fair Share Report
2 Commodore Dr
Jefferson, NJ 07849
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 Jefferson's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $440,059 – $554,195, 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 $485,214 home should be assessed near $338,291.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $61,391 below what the ratio math suggests (18.1%).
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%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 32 WOODLAWN TER | 2025-06 | $575,000 | 1,454 | 70.2% |
| 3 CAYUGA TRL | 2025-07 | $569,000 | 1,378 | 62.0% |
| 9 COMMODORE DR | 2025-11 | $495,000 | 1,592 | 59.5% |
| 7 PAWNEE TRL | 2025-12 | $507,500 | 1,428 | 75.5% |
| 59 SACHEM RD | 2026-01 | $540,000 | 1,454 | 65.8% |
| 60 WOODLAWN TER | 2025-08 | $574,500 | 1,532 | 46.4% |
| 60 WOODLAWN TER | 2024-12 | $260,000 | 1,532 | 102.4% |
| 14 PAWNEE TRL | 2025-06 | $475,000 | 1,584 | 56.8% |
| 120 NEW JERSEY AVE | 2025-12 | $440,000 | 1,429 | 51.0% |
| 28 HIGHLAND RD | 2026-01 | $515,000 | 1,482 | 57.0% |
| 12 LEDGEWOOD RD | 2025-05 | $455,000 | 1,496 | 58.5% |
| 7 SHENANDOAH CRES | 2025-12 | $515,000 | 1,600 | 58.4% |
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