The Fair Share Report
2 Springbrook Ter
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.
The numbers support an appeal
Even at the cautious end of the range, this home's ratio clears NJ's Chapter 123 line (80.18%) — roughly $7,463/yr at stake. NJ appeals are generally due April 1.
Step 1 · Market value
Likely range $700,220 – $887,165, 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 $845,192 home should be assessed near $589,268.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $248,532 above what the ratio math suggests (42.2%).
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%125%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 22 WINDING HOLLOW DR | 2025-11 | $740,000 | 3,186 | 67.7% |
| 882 WALNUT PL | 2025-06 | $739,000 | 3,273 | 68.8% |
| 73 EDISON RD | 2026-05 | $710,000 | 2,929 | 70.1% |
| 57 PADEREWSKI RD | 2026-05 | $865,000 | 2,895 | 61.1% |
| 927 TIMBERLINE DR | 2026-03 | $859,900 | 3,154 | 64.9% |
| 634 SKYLINE DR | 2025-06 | $818,800 | 3,220 | 66.3% |
| 14 STONE CLIFF TER | 2026-04 | $850,000 | 3,222 | 65.8% |
| 4 SOUTHWOODS LN | 2026-01 | $705,000 | 3,360 | 85.2% |
| 406 ROCK RIDGE RD | 2026-04 | $778,000 | 2,852 | 57.9% |
| 1 WINDING RIDGE RD | 2026-03 | $640,000 | 3,369 | 75.9% |
| 31 CANAL XING | 2025-05 | $1,198,000 | 3,145 | 46.1% |
| 5659 BERKSHIRE VALLEY RD | 2026-04 | $720,000 | 3,346 | 56.5% |
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