The Fair Share Report
5 Applegate Rd
Springfield, NJ 08041
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 $351,049 – $439,074, from 12 comparable Springfield sales in the past 18 months, at this home's 1,512 sq ft.
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 $405,873 home should be assessed near $233,458.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,942 above what the ratio math suggests (2.5%).
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 $2.985 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Springfield sale · assessed ÷ market
33%96%
A touch high — worth watching
This home's ratio sits above most of Springfield, but doesn't clear NJ's legal appeal line (66.15%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 27719 MT PLEASANT RD | 2025-07 | $520,000 | 1,587 | 51.3% |
| 34 APPLEGATE ROAD | 2026-03 | $415,000 | 1,546 | 49.6% |
| 224 WARNER ROAD | 2025-02 | $425,000 | 1,170 | 36.0% |
| 240 BURRS ROAD | 2025-07 | $508,000 | 2,188 | 46.7% |
| 2149 JACKS JOBSTOWN RD | 2025-01 | $372,500 | 1,326 | 49.5% |
| 1843 JACKS JOBSTOWN RD | 2025-11 | $150,000 | 960 | 90.1% |
| 137 ACCESS HWY | 2025-10 | $563,000 | 1,960 | 47.0% |
| 931 JACKS MT HOLLY RD | 2025-10 | $369,000 | 1,611 | 35.7% |
| 2707 MONMOUTH ROAD | 2026-04 | $458,000 | 1,826 | 39.0% |
| 343 JULIUSTOWN RD | 2025-03 | $450,000 | 2,142 | 63.4% |
| 317 JULIUSTOWN RD | 2026-04 | $460,000 | 936 | 45.3% |
| 13 WYNWOOD DRIVE | 2025-12 | $549,000 | 2,328 | 45.8% |
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