The Fair Share Report
417 Main St
Springfield, NJ 08042
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 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.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since.
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
The record, in full
Not enough closely-comparable recent sales in Springfield for a fairness verdict — the town's current median assessment ratio is 48.5%.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2472 MONMOUTH ROAD | 2025-11 | $145,000 | 1,884 | 84.2% |
| 2149 JACKS JOBSTOWN RD | 2025-01 | $372,500 | 1,326 | 49.5% |
| 224 WARNER ROAD | 2025-02 | $425,000 | 1,170 | 36.0% |
| 931 JACKS MT HOLLY RD | 2025-10 | $369,000 | 1,611 | 35.7% |
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