The Fair Share Report
2 Springbrook Ter
Byram, NJ 07871
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 $498,706 – $629,416, from 12 comparable Byram 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 Byram assessments sit below market value — republished every October, applied town-wide. A $565,036 home should be assessed near $328,399.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,399 below what the ratio math suggests (5.9%).
Step 4 · The tax rate — same for every Byram home
$2.312 Schools · 58% $0.673 County · 17% $1.033 Town · 26%
This home's own bill implies $3.938 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Byram sale · assessed ÷ market
36%72%
Paying about right
This home's ratio lands inside Byram'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 |
|---|---|---|---|---|
| 10 CATHERINE TERR | 2025-08 | $625,000 | 2,108 | 48.6% |
| 30 CRESCENT DR NO | 2025-02 | $459,000 | 1,948 | 52.0% |
| 17 BROOKWOOD DR | 2026-02 | $575,000 | 1,953 | 44.3% |
| 8 CATHERINE TERR | 2025-05 | $650,000 | 2,104 | 45.2% |
| 46 LYNN DR | 2025-12 | $630,000 | 2,112 | 44.0% |
| 31 BEECH ST | 2025-04 | $486,000 | 1,988 | 51.9% |
| 77 LYNN DR | 2025-08 | $630,000 | 2,108 | 44.8% |
| 45 LYNN DR | 2026-04 | $675,000 | 2,112 | 35.3% |
| 34 WINDING WAY | 2025-09 | $395,000 | 1,748 | 54.1% |
| 9 HUNTERS LN | 2025-05 | $450,515 | 1,954 | 52.1% |
| 52 RIVER RD | 2026-01 | $485,000 | 1,820 | 51.5% |
| 28 ACORN ST | 2026-02 | $500,000 | 1,732 | 45.6% |
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