The Fair Share Report
240 Mitchell Rd
Mansfield, NJ 07863
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 $324,240 – $476,001, from 12 comparable Mansfield 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 Mansfield assessments sit below market value — republished every October, applied town-wide. A $336,774 home should be assessed near $199,774.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $3,026 above what the ratio math suggests (1.5%).
Step 4 · The tax rate — same for every Mansfield home
$2.066 Schools · 58% $0.800 County · 22% $0.696 Town · 20%
Step 5 · The bill
This home vs. every recent Mansfield sale · assessed ÷ market
33%75%
Paying about right
This home's ratio lands inside Mansfield'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 |
|---|---|---|---|---|
| 160 CYNTHIA DRIVE | 2026-05 | $332,500 | 1,240 | 36.3% |
| 226 RIVA DRIVE | 2026-05 | $310,000 | 1,240 | 40.7% |
| 265 RIVA DRIVE | 2026-04 | $318,000 | 1,240 | 38.5% |
| 108 MARILYN DRIVE | 2026-04 | $315,000 | 1,240 | 38.4% |
| 132 CYNTHIA DRIVE | 2026-03 | $221,450 | 1,240 | 52.3% |
| 125 RIVA DRIVE | 2026-03 | $236,000 | 1,240 | 54.4% |
| 135 CYNTHIA DRIVE | 2025-12 | $320,000 | 1,240 | 36.2% |
| 3 VALLEY ROAD | 2025-06 | $494,000 | 1,421 | 48.3% |
| 449 JANE CHAPEL ROAD | 2025-10 | $430,000 | 1,048 | 48.9% |
| 611 VALLEY ROAD | 2025-01 | $442,500 | 1,173 | 52.9% |
| 343 JANE CHAPEL ROAD | 2025-03 | $500,000 | 1,300 | 35.1% |
| 70 CHERRY TREE BEND ROAD | 2025-12 | $400,000 | 1,413 | 53.0% |
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