The Fair Share Report
20 E Mill Rd
Northfield, NJ 08225
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 $355,371 – $494,639, from 12 comparable Northfield 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 Northfield assessments sit below market value — republished every October, applied town-wide. A $438,094 home should be assessed near $267,807.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $42,607 below what the ratio math suggests (15.9%).
Step 4 · The tax rate — same for every Northfield home
$2.086 Schools · 55% $0.563 County · 15% $1.127 Town · 30%
Step 5 · The bill
This home vs. every recent Northfield sale · assessed ÷ market
35%78%
Paying about right
This home's ratio lands inside Northfield'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 |
|---|---|---|---|---|
| 135 E REVERE AVE | 2025-07 | $430,000 | 1,833 | 45.4% |
| 2121 MERRITT DR | 2025-06 | $495,000 | 1,940 | 45.5% |
| 2030 CEDARBRIDGE RD | 2025-06 | $427,000 | 1,999 | 59.9% |
| 502 SHORE RD | 2026-05 | $375,000 | 1,918 | 59.1% |
| 715 BROAD ST | 2026-05 | $495,000 | 1,593 | 33.3% |
| 1219 PARKER AVE | 2026-05 | $325,000 | 2,108 | 73.0% |
| 100 CATHERINE PL | 2026-03 | $507,000 | 1,848 | 43.4% |
| 2501 HERBERT DR | 2025-05 | $415,000 | 1,797 | 49.2% |
| 402 ASTER ST | 2026-05 | $310,000 | 1,898 | 69.0% |
| 7 CATHERINE PL | 2025-05 | $435,000 | 2,091 | 59.8% |
| 1805 ZION RD | 2026-03 | $420,000 | 2,064 | 58.1% |
| 1805 ZION RD | 2025-10 | $290,000 | 2,064 | 84.2% |
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