The Fair Share Report
425 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 $396,011 – $516,118, from 12 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 $440,944 home should be assessed near $253,631.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $47,931 below what the ratio math suggests (18.9%).
Step 4 · The tax rate — same for every Springfield home
$1.943 Schools · 58% $0.554 County · 16% $0.874 Town · 26%
This home's own bill implies $2.751 per $100 — well off the general rate. That usually means the town revalued since the last bill.
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 |
|---|---|---|---|---|
| 2707 MONMOUTH ROAD | 2026-04 | $458,000 | 1,826 | 39.0% |
| 2472 MONMOUTH ROAD | 2025-11 | $145,000 | 1,884 | 84.2% |
| 34 APPLEGATE ROAD | 2026-03 | $415,000 | 1,546 | 49.6% |
| 27719 MT PLEASANT RD | 2025-07 | $520,000 | 1,587 | 51.3% |
| 931 JACKS MT HOLLY RD | 2025-10 | $369,000 | 1,611 | 35.7% |
| 13 WYNWOOD DRIVE | 2025-12 | $549,000 | 2,328 | 45.8% |
| 240 BURRS ROAD | 2025-07 | $508,000 | 2,188 | 46.7% |
| 137 WARNER ROAD | 2025-06 | $580,000 | 2,374 | 42.4% |
| 120 GILBERT RD | 2025-05 | $278,000 | 1,626 | 98.2% |
| 137 ACCESS HWY | 2025-10 | $563,000 | 1,960 | 47.0% |
| 332 JULIUSTOWN RD | 2025-09 | $662,500 | 2,270 | 43.2% |
| 224 WARNER ROAD | 2025-02 | $425,000 | 1,170 | 36.0% |
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