The Fair Share Report
31 Lantern Ln
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $415,220 – $446,346, 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 $435,534 home should be assessed near $247,035.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $76,435 below what the ratio math suggests (30.9%).
Step 4 · The tax rate — same for every Mansfield home
$2.211 Schools · 69% $0.502 County · 16% $0.509 Town · 16%
This home's own bill implies $3.075 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Mansfield sale · assessed ÷ market
32%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 |
|---|---|---|---|---|
| 225 WAGON WHEEL LANE | 2026-05 | $435,000 | 1,635 | 39.1% |
| 4 COVERED BRIDGE CIRCLE | 2025-09 | $395,000 | 1,524 | 41.3% |
| 4 LANTERN LANE | 2025-03 | $405,000 | 1,524 | 40.3% |
| 26 ANDREA DRIVE | 2026-03 | $510,000 | 1,659 | 39.2% |
| 89 HORSESHOE LANE SOUTH | 2026-02 | $380,000 | 1,508 | 42.5% |
| 21 NEWTON COURT | 2025-02 | $439,900 | 1,626 | 45.5% |
| 82 WAGON WHEEL LANE | 2025-06 | $440,000 | 1,594 | 41.5% |
| 11 COVERED BRIDGE CIRCLE | 2026-03 | $417,000 | 1,513 | 38.8% |
| 12 DEEP HOLLOW LANE NORTH | 2025-04 | $415,000 | 1,536 | 42.5% |
| 39 SUNSET LANE | 2025-06 | $385,000 | 1,594 | 44.3% |
| 23 FERNWOOD COURT | 2026-03 | $449,000 | 1,692 | 39.2% |
| 30 DEEP HOLLOW LANE NORTH | 2025-08 | $460,000 | 1,692 | 38.3% |
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