The Fair Share Report
45 Summit 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $490,515 – $578,466, from 12 comparable Jefferson 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 Jefferson assessments sit below market value — republished every October, applied town-wide. A $532,205 home should be assessed near $371,053.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,653 below what the ratio math suggests (11.0%).
Step 4 · The tax rate — same for every Jefferson home
$1.809 Schools · 60% $0.295 County · 10% $0.899 Town · 30%
Step 5 · The bill
This home vs. every recent Jefferson sale · assessed ÷ market
43%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 9 COMMODORE DR | 2025-11 | $495,000 | 1,592 | 59.5% |
| 14 PAWNEE TRL | 2025-06 | $475,000 | 1,584 | 56.8% |
| 7 SHENANDOAH CRES | 2025-12 | $515,000 | 1,600 | 58.4% |
| 6 ROSEMONT RD | 2025-06 | $515,000 | 1,612 | 66.6% |
| 32 WOODLAWN TER | 2025-06 | $575,000 | 1,454 | 70.2% |
| 15 LENAPE TRL | 2025-04 | $525,000 | 1,581 | 53.3% |
| 12 BENEDICT DR | 2025-06 | $875,000 | 1,708 | 48.8% |
| 3 CAYUGA TRL | 2025-07 | $569,000 | 1,378 | 62.0% |
| 24 HARBOR DR | 2025-04 | $601,000 | 1,780 | 60.8% |
| 7 PAWNEE TRL | 2025-12 | $507,500 | 1,428 | 75.5% |
| 12 LEDGEWOOD RD | 2025-05 | $455,000 | 1,496 | 58.5% |
| 111 PROSPECT PT RD | 2025-11 | $285,000 | 1,728 | 96.0% |
Is this your house?
Run your own report →