The Fair Share Report
418 Main St
Springfield, 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 $299,200 – $469,761, from 7 comparable Springfield sales in the past 18 months, at this home's 1,750 sq ft.
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 $438,938 home should be assessed near $252,477.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $128,077 below what the ratio math suggests (50.7%).
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
21%96%
Keep quiet and enjoy it
This home's assessment ratio sits below the Springfield pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
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% |
| 2707 MONMOUTH ROAD | 2026-04 | $458,000 | 1,826 | 39.0% |
| 931 JACKS MT HOLLY RD | 2025-10 | $369,000 | 1,611 | 35.7% |
| 120 GILBERT RD | 2025-05 | $278,000 | 1,626 | 98.2% |
| 34 APPLEGATE ROAD | 2026-03 | $415,000 | 1,546 | 49.6% |
| 27719 MT PLEASANT RD | 2025-07 | $520,000 | 1,587 | 51.3% |
| 137 ACCESS HWY | 2025-10 | $563,000 | 1,960 | 47.0% |
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