The Fair Share Report
420 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 1 · Market value
Likely range $226,663 – $412,925, from 7 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 $361,935 home should be assessed near $208,185.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $67,085 below what the ratio math suggests (32.2%).
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
29%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 |
|---|---|---|---|---|
| 2472 MONMOUTH ROAD | 2025-11 | $145,000 | 1,884 | 84.2% |
| 2707 MONMOUTH ROAD | 2026-04 | $458,000 | 1,826 | 39.0% |
| 34 APPLEGATE ROAD | 2026-03 | $415,000 | 1,546 | 49.6% |
| 931 JACKS MT HOLLY RD | 2025-10 | $369,000 | 1,611 | 35.7% |
| 2149 JACKS JOBSTOWN RD | 2025-01 | $372,500 | 1,326 | 49.5% |
| 27719 MT PLEASANT RD | 2025-07 | $520,000 | 1,587 | 51.3% |
| 120 GILBERT RD | 2025-05 | $278,000 | 1,626 | 98.2% |
Is this your house?
Run your own report →