The Fair Share Report
237 Spout Spring
Lumberton, NJ 08048
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 $347,604 – $413,820, from 12 comparable Lumberton 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 Lumberton assessments sit below market value — republished every October, applied town-wide. A $405,301 home should be assessed near $265,270.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $69,070 below what the ratio math suggests (26.0%).
Step 4 · The tax rate — same for every Lumberton home
$2.073 Schools · 68% $0.500 County · 16% $0.466 Town · 15%
Step 5 · The bill
This home vs. every recent Lumberton sale · assessed ÷ market
40%81%
Paying about right
This home's ratio lands inside Lumberton'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 |
|---|---|---|---|---|
| 11 BEULAH AVENUE | 2025-02 | $405,000 | 1,344 | 54.5% |
| 18 OAK LANDING ROAD | 2025-06 | $435,000 | 1,440 | 45.4% |
| 18 OAK LANDING ROAD | 2025-02 | $235,000 | 1,440 | 84.0% |
| 30 NASSAU ROAD | 2025-06 | $365,000 | 1,248 | 48.6% |
| 49 NASSAU ROAD | 2026-02 | $360,000 | 1,360 | 53.6% |
| 10 SHEFFIELD TERRACE | 2026-02 | $380,000 | 1,242 | 49.2% |
| 24 ESTATE ROAD | 2026-04 | $472,000 | 1,504 | 46.8% |
| 218 SPOUT SPRING | 2025-10 | $400,000 | 1,066 | 54.9% |
| 52 NASSAU ROAD | 2025-07 | $245,000 | 1,200 | 74.0% |
| 257 SPOUT SPRING | 2026-04 | $399,999 | 1,304 | 49.3% |
| 9 EASLICK AVENUE | 2026-02 | $473,800 | 1,736 | 42.3% |
| 216 SPOUT SPRING | 2025-07 | $352,000 | 1,066 | 58.4% |
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