The Fair Share Report
400 Arneys Mt Rd
Springfield, NJ 08041
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 $987,758 – $1,111,025, from 5 comparable Springfield 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 Springfield assessments sit below market value — republished every October, applied town-wide. A $1,035,567 home should be assessed near $595,658.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $79,258 below what the ratio math suggests (13.3%).
Step 4 · The tax rate — same for every Springfield home
$1.943 Schools · 58% $0.554 County · 16% $0.874 Town · 26%
Step 5 · The bill
This home vs. every recent Springfield sale · assessed ÷ market
33%96%
Paying about right
This home's ratio lands inside Springfield'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 |
|---|---|---|---|---|
| 113 PADDOCK DRIVE | 2025-05 | $899,000 | 3,535 | 53.1% |
| 1284 OLD YORK ROAD | 2025-10 | $720,000 | 3,369 | 48.5% |
| 2582 MONMOUTH ROAD | 2025-09 | $850,000 | 3,147 | 44.6% |
| 137 WARNER ROAD | 2025-06 | $580,000 | 2,374 | 42.4% |
| 312 JULIUSTOWN RD | 2025-07 | $665,000 | 2,290 | 52.8% |
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