The Fair Share Report
3 Rapids Dr
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $748,538 – $854,574, 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 $821,236 home should be assessed near $816,309.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,191 above what the ratio math suggests (6.5%).
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
76%122%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $737/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 33 BROOKFIELD DRIVE | 2025-05 | $520,000 | 2,822 | 104.9% |
| 1 OPAL COURT | 2026-02 | $823,500 | 2,722 | 121.2% |
| 11 JEFFERSON COURT | 2025-04 | $995,000 | 2,876 | 101.3% |
| 24 AMBASSADOR WAY | 2025-03 | $800,000 | 2,920 | 106.9% |
| 31 BROOKFIELD DRIVE | 2025-08 | $525,000 | 2,634 | 110.7% |
| 18 SERENDIPITY DRIVE | 2026-06 | $825,000 | 2,842 | 94.6% |
| 27 AMBASSADOR WAY | 2025-07 | $878,000 | 2,890 | 95.1% |
| 788 DORATHY'S LANE | 2026-05 | $750,000 | 2,867 | 98.6% |
| 12 SCOTTSDALE COURT | 2025-12 | $915,000 | 2,945 | 98.3% |
| 5 STARLING COURT | 2025-08 | $825,000 | 2,771 | 99.7% |
| 2 KYLE COURT | 2025-11 | $750,000 | 2,767 | 99.9% |
| 592 OLLIE BURKE ROAD | 2026-06 | $850,000 | 2,896 | 103.1% |
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