The Fair Share Report
3 Springbrook Ter
Byram, NJ 07871
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 $392,015 – $584,426, from 12 comparable Byram 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 Byram assessments sit below market value — republished every October, applied town-wide. A $432,652 home should be assessed near $251,457.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,757 below what the ratio math suggests (3.9%).
Step 4 · The tax rate — same for every Byram home
$2.312 Schools · 58% $0.673 County · 17% $1.033 Town · 26%
Step 5 · The bill
This home vs. every recent Byram sale · assessed ÷ market
36%72%
Paying about right
This home's ratio lands inside Byram'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 |
|---|---|---|---|---|
| 5 BIRCH RD | 2026-06 | $553,000 | 1,536 | 45.2% |
| 34 WINDING WAY | 2025-09 | $395,000 | 1,748 | 54.1% |
| 28 ACORN ST | 2026-02 | $500,000 | 1,732 | 45.6% |
| 34 BROOKWOOD DR | 2025-09 | $410,000 | 1,456 | 49.8% |
| 200 LAKE DR | 2025-04 | $560,000 | 1,458 | 49.9% |
| 9 RICHMOND RD | 2025-12 | $395,000 | 1,576 | 69.0% |
| 2 CABIN SPRING TRAIL | 2025-10 | $462,500 | 1,596 | 39.3% |
| 104 LACKAWANNA DR | 2025-07 | $517,000 | 1,372 | 47.8% |
| 11 BEECH ST | 2026-06 | $510,000 | 1,372 | 52.8% |
| 47 LYNN DR | 2025-02 | $550,000 | 1,340 | 44.5% |
| 52 RIVER RD | 2026-01 | $485,000 | 1,820 | 51.5% |
| 25 LOCKWOOD AVE | 2025-08 | $509,001 | 1,540 | 41.8% |
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