The Fair Share Report
24740 E Main St
Mansfield, NJ 08022
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.
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Step 1 · Market value
Likely range $217,683 – $305,146, 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 $270,022 home should be assessed near $153,156.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,856 below what the ratio math suggests (30.6%).
Step 4 · The tax rate — same for every Mansfield home
$2.211 Schools · 69% $0.502 County · 16% $0.509 Town · 16%
Step 5 · The bill
This home vs. every recent Mansfield sale · assessed ÷ market
29%71%
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 |
|---|---|---|---|---|
| 15 MEADOWWOOD COURT | 2025-07 | $345,000 | 1,192 | 36.8% |
| 243 WAGON WHEEL LANE | 2026-03 | $375,000 | 1,192 | 34.3% |
| 9 FERNWOOD COURT | 2025-08 | $410,000 | 1,235 | 41.8% |
| 11 FERNWOOD COURT | 2025-08 | $237,000 | 1,192 | 54.5% |
| 304 HILLTOP LANE EAST | 2025-02 | $325,000 | 1,192 | 39.0% |
| 211 WAGON WHEEL LANE | 2025-08 | $280,000 | 1,278 | 52.5% |
| 21 MEADOWWOOD COURT | 2025-05 | $325,000 | 898 | 34.6% |
| 65 LAKE VIEW TERRACE | 2025-09 | $350,000 | 1,192 | 36.5% |
| 123 CHESTNUT HILL LANE | 2025-08 | $345,000 | 1,312 | 38.5% |
| 111 CARRIAGE HILL COURT | 2025-08 | $245,000 | 1,312 | 54.4% |
| 175 ATLANTIC AVENUE | 2026-02 | $315,000 | 1,980 | 37.3% |
| 3 DEEP HOLLOW LANE NORTH | 2026-04 | $375,000 | 1,336 | 39.9% |
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