The Fair Share Report
20 Wright Dr
Chesterfield, NJ 08515
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 Chesterfield's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $652,852 – $795,351, from 12 comparable Chesterfield 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 Chesterfield assessments sit below market value — republished every October, applied town-wide. A $747,437 home should be assessed near $466,401.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $76,401 below what the ratio math suggests (16.4%).
Step 4 · The tax rate — same for every Chesterfield home
$2.447 Schools · 72% $0.514 County · 15% $0.449 Town · 13%
Step 5 · The bill
This home vs. every recent Chesterfield sale · assessed ÷ market
42%80%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 31 FENTON LANE | 2026-02 | $777,777 | 2,444 | 55.4% |
| 9 QUAKER STREET | 2025-08 | $760,000 | 2,344 | 54.9% |
| 24 STEVENSON LANE | 2026-03 | $755,000 | 2,306 | 55.5% |
| 105 RECKLESSTOWN WAY | 2025-06 | $745,000 | 2,252 | 57.5% |
| 79 RECKLESSTOWN WAY | 2025-04 | $725,000 | 2,668 | 58.0% |
| 18 BERRYLAND STREET | 2025-05 | $630,000 | 2,452 | 53.5% |
| 21 SPRAGUE STREET | 2025-06 | $815,000 | 2,690 | 49.8% |
| 113 BORD-CROSSWICKS RD | 2024-12 | $605,000 | 2,452 | 55.2% |
| 63 RECKLESSTOWN WAY | 2026-03 | $780,000 | 2,668 | 52.2% |
| 155 PRESERVATION BLVD | 2025-05 | $790,000 | 2,577 | 53.9% |
| 33 SPRAGUE STREET | 2025-06 | $790,000 | 2,828 | 54.4% |
| 16 SETTLERS STREET | 2025-11 | $675,000 | 2,112 | 61.7% |
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