The Fair Share Report
27 Spring St
Jackson, NJ 08527
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 $411,831 – $605,049, from 12 comparable Jackson 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 Jackson assessments sit below market value — republished every October, applied town-wide. A $537,306 home should be assessed near $534,082.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $202,382 below what the ratio math suggests (37.9%).
Step 4 · The tax rate — same for every Jackson home
$0.781 Schools · 56% $0.320 County · 23% $0.284 Town · 21%
Step 5 · The bill
This home vs. every recent Jackson sale · assessed ÷ market
49%118%
Keep quiet and enjoy it
This home's assessment ratio sits below the Jackson pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 34 LAURELTON AVENUE | 2025-03 | $530,000 | 1,268 | 101.9% |
| 37 PINECREST AVENUE | 2025-05 | $350,000 | 1,196 | 111.9% |
| 21 DREXEL DRIVE | 2025-06 | $670,000 | 1,278 | 85.5% |
| 68 S COOKS BRIDGE ROAD | 2025-08 | $430,000 | 1,276 | 98.3% |
| 5 CASTLE AVENUE | 2025-05 | $456,000 | 1,344 | 101.3% |
| 15 VERMONT AVENUE | 2025-07 | $562,000 | 1,260 | 92.5% |
| 30 BRYANT DRIVE | 2025-05 | $640,000 | 1,360 | 81.7% |
| 8 HARFIELD DRIVE | 2025-12 | $495,000 | 1,250 | 87.6% |
| 5 PENNSYLVANIA AVENUE | 2025-10 | $577,000 | 1,224 | 89.1% |
| 3 BRUCE TERRACE | 2026-02 | $645,000 | 1,330 | 85.4% |
| 8 NEAL STREET | 2025-06 | $591,000 | 1,278 | 80.0% |
| 33 DOGWOOD DRIVE | 2025-06 | $505,000 | 1,188 | 93.8% |
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