The Fair Share Report

44 Lyons Rd

Jefferson, NJ 07438

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.

Step 1 · Market value

≈ $394,491

Likely range $337,992 – $426,648, from 12 comparable Jefferson sales in the past 18 months, at this home's 981 sq ft.

Step 2 · The Director's Ratio

69.72%

The state's official measure of how far Jefferson assessments sit below market value — republished every October, applied town-wide. A $394,491 home should be assessed near $275,039.

Step 3 · Assessed value

$191,200

Set at the last town-wide revaluation and mostly frozen since. That's $83,839 below what the ratio math suggests (30.5%).

Step 4 · The tax rate — same for every Jefferson home

$3.003 per $100 assessed

$1.809 Schools · 60% $0.295 County · 10% $0.899 Town · 30%

Step 5 · The bill

$5,935/yr
Public schools$3,575
Morris County$583
Town of Jefferson$1,777
Jefferson average$9,952

This home vs. every recent Jefferson sale · assessed ÷ market

Town median 60.3%
This home · 48.5%

39%86%

Paying about right

This home's ratio lands inside Jefferson's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
131 S NEW YORK AVE2025-09$307,00096065.0%
23 OLD WOODLAND TRL2026-06$370,00091845.1%
21 RESERVOIR RD2025-01$350,00089655.5%
20 N NEW JERSEY AVE2025-08$415,0001,03272.2%
19 MARINE TER2025-07$420,00091453.0%
7 BEAVER PT TRL2025-11$480,0001,09853.7%
29 MOQUIS TRL2025-07$310,00088070.5%
713 BERKSHIRE VALLEY RD2025-06$240,00092180.4%
82 E SHAWNEE TRL2025-10$540,0001,04047.5%
16 VENETIAN DR2025-04$425,0001,08868.6%
9 MILLBURN DR2025-11$410,0001,19051.0%
7 COMO TER2025-08$441,0001,01451.4%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →