The Fair Share Report
428 Main St
Springfield, NJ 08042
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Springfield's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $303,299 – $461,326, from 10 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 $366,413 home should be assessed near $210,761.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $63,761 below what the ratio math suggests (30.3%).
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
26%96%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 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% |
| 34 APPLEGATE ROAD | 2026-03 | $415,000 | 1,546 | 49.6% |
| 2472 MONMOUTH ROAD | 2025-11 | $145,000 | 1,884 | 84.2% |
| 2707 MONMOUTH ROAD | 2026-04 | $458,000 | 1,826 | 39.0% |
| 27719 MT PLEASANT RD | 2025-07 | $520,000 | 1,587 | 51.3% |
| 224 WARNER ROAD | 2025-02 | $425,000 | 1,170 | 36.0% |
| 317 JULIUSTOWN RD | 2026-04 | $460,000 | 936 | 45.3% |
| 137 ACCESS HWY | 2025-10 | $563,000 | 1,960 | 47.0% |
| 1843 JACKS JOBSTOWN RD | 2025-11 | $150,000 | 960 | 90.1% |
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