The Fair Share Report
307 Frank Applegate Rd
Jackson, NJ 07307
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 $727,490 – $941,427, from 12 comparable Jackson sales in the past 18 months, at this home's 2,579 sq ft.
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 $821,790 home should be assessed near $816,859.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $104,459 below what the ratio math suggests (12.8%).
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
70%118%
Paying about right
This home's ratio lands inside Jackson'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 |
|---|---|---|---|---|
| 8 NEWBURY COURT | 2025-10 | $705,000 | 2,550 | 113.0% |
| 37 OLIVIA WAY | 2026-05 | $999,000 | 2,570 | 85.5% |
| 3 MEADOWLARK COURT | 2025-08 | $775,000 | 2,628 | 94.0% |
| 6 LEE COURT | 2025-05 | $960,000 | 2,543 | 78.8% |
| 22 JEFFERSON COURT | 2026-01 | $907,000 | 2,547 | 90.1% |
| 379 SAPPHIRE DRIVE | 2025-10 | $715,000 | 2,622 | 111.1% |
| 6 SCOTTSDALE COURT | 2026-03 | $985,000 | 2,671 | 93.2% |
| 8 LEONE BOULEVARD | 2025-07 | $760,000 | 2,633 | 105.1% |
| 3 WELLESLY COURT | 2025-09 | $919,000 | 2,522 | 100.4% |
| 382 PFISTER ROAD | 2025-08 | $697,500 | 2,640 | 105.4% |
| 2 KINDLING WAY | 2025-10 | $699,000 | 2,478 | 104.8% |
| 3 KINDLING WAY | 2025-08 | $900,000 | 2,508 | 99.2% |
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