The Fair Share Report
5 E Mill Rd
Northfield, NJ 08225
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 $296,160 – $358,855, from 12 comparable Northfield 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 Northfield assessments sit below market value — republished every October, applied town-wide. A $329,402 home should be assessed near $201,363.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $70,763 below what the ratio math suggests (35.1%).
Step 4 · The tax rate — same for every Northfield home
$2.086 Schools · 55% $0.563 County · 15% $1.127 Town · 30%
Step 5 · The bill
This home vs. every recent Northfield sale · assessed ÷ market
31%78%
Keep quiet and enjoy it
This home's assessment ratio sits below the Northfield pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 408 JACKSON AVE | 2025-09 | $333,000 | 1,032 | 44.8% |
| 213 ROOSEVELT AVE | 2025-05 | $370,000 | 1,286 | 39.5% |
| 910 SECOND ST | 2026-04 | $295,000 | 936 | 45.1% |
| 522 SPRUCE AVE | 2025-10 | $310,500 | 1,260 | 46.7% |
| 14 E ROSEDALE AVE | 2025-07 | $374,900 | 1,038 | 44.1% |
| 26 W ROSEDALE AVE | 2025-05 | $339,000 | 1,128 | 50.8% |
| 46 E VERNON AVE | 2025-04 | $285,000 | 1,032 | 55.3% |
| 405 PARK LANE | 2025-10 | $328,500 | 1,092 | 55.2% |
| 10 FORREST DR | 2025-02 | $240,000 | 1,206 | 83.8% |
| 44 FRANKLIN AVE | 2026-05 | $425,000 | 1,296 | 42.0% |
| 112 ROOSEVELT AVE | 2025-03 | $342,000 | 1,406 | 51.9% |
| 1801 TILTON RD | 2026-02 | $352,000 | 1,116 | 42.6% |
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