The Fair Share Report

4 Spring Rd

Jefferson, NJ 07438

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.

Step 1 · Market value

≈ $606,250

Likely range $479,646 – $736,497, from 12 comparable Jefferson sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

69.72%

The state's official measure of how far Jefferson assessments sit below market value — republished every October, applied town-wide. A $606,250 home should be assessed near $422,678.

Step 3 · Assessed value

$299,400

Set at the last town-wide revaluation and mostly frozen since. That's $123,278 below what the ratio math suggests (29.2%).

Step 4 · The tax rate — same for every Jefferson home

$3.003 per $100 assessed

$1.809 Schools · 60% $0.295 County · 10% $0.899 Town · 30%

Step 5 · The bill

$9,293/yr
Public schools$5,598
Morris County$913
Town of Jefferson$2,782
Jefferson average$9,952

This home vs. every recent Jefferson sale · assessed ÷ market

Town median 60.3%
This home · 49.4%

35%86%

Paying about right

This home's ratio lands inside Jefferson's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
25 ALABAMA AVE2025-09$433,0001,71669.9%
10 FAWN TER2025-09$680,0001,66850.0%
27 SCHWARZ BLVD2026-05$525,0001,82058.3%
11 MAINE ST2026-01$600,0001,62664.1%
17 HOPI TRL2025-09$530,0001,68958.8%
15 BENEDICT DR2026-02$880,0001,83279.9%
20 MC NABB RD2025-11$550,0001,52278.4%
111 PROSPECT PT RD2025-11$285,0001,72896.0%
310 ESPANONG RD2025-09$685,0001,72141.2%
11 WHITE BIRCH TRL2026-01$478,0001,87458.2%
7 WINONA TRL2025-08$830,0001,84849.8%
33 SHORE RD2026-02$550,0001,58458.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →