The Fair Share Report
2 E Elro 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 $557,781 – $693,824, 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 $630,603 home should be assessed near $439,656.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,544 above what the ratio math suggests (4.2%).
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%88%
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 |
|---|---|---|---|---|
| 1 FIELD CT | 2026-06 | $650,000 | 2,428 | 63.6% |
| 112 E SHAWNEE TRL | 2025-01 | $520,000 | 2,341 | 72.3% |
| 5461 BERKSHIRE VALLEY RD | 2026-01 | $525,000 | 2,410 | 65.2% |
| 3 ARMSTRONG DR | 2026-02 | $606,000 | 2,340 | 70.8% |
| 110 E SHAWNEE TRL | 2026-01 | $765,000 | 2,732 | 48.5% |
| 9 WINDSOR DR | 2026-03 | $650,000 | 2,913 | 63.9% |
| 16 PROSPECT PT RD | 2026-02 | $644,000 | 2,188 | 54.3% |
| 82 RIPPLEWOOD DR | 2026-05 | $630,000 | 2,355 | 55.2% |
| 44 SUMMIT RD | 2025-11 | $539,900 | 2,300 | 65.4% |
| 12 LORETTACONG DR | 2025-03 | $875,000 | 2,223 | 68.8% |
| 8 2ND LT JT WROBLEWSKI LN | 2025-10 | $725,000 | 2,088 | 53.9% |
| 9 RUSKIN RD | 2025-07 | $510,000 | 2,001 | 63.8% |
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