The Fair Share Report
5 Gem Rd
Jefferson, NJ 07461
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 $241,116 – $414,886, 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 $384,641 home should be assessed near $268,172.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $101,072 below what the ratio math suggests (37.7%).
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
35%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 |
|---|---|---|---|---|
| 4 SHORE RD | 2025-09 | $421,000 | 932 | 47.1% |
| 90 GEORGIA AVE | 2025-07 | $400,000 | 952 | 58.3% |
| 6 SPRING RD | 2025-09 | $385,000 | 846 | 47.1% |
| 3 CYPRESS RD | 2025-02 | $425,000 | 1,032 | 67.4% |
| 19 MOHAWK TRL | 2025-02 | $370,000 | 1,008 | 74.3% |
| 28 VIRGINIA AVE | 2025-09 | $335,000 | 840 | 56.1% |
| 10 CYPRESS RD | 2025-06 | $302,000 | 1,063 | 66.8% |
| 20 DELAWARE AVE | 2025-01 | $380,000 | 1,020 | 54.8% |
| 52 WILDWOOD RD | 2025-06 | $278,100 | 968 | 75.2% |
| 713 BERKSHIRE VALLEY RD | 2025-06 | $240,000 | 921 | 80.4% |
| 32 MILLBURN DR | 2026-03 | $389,000 | 888 | 44.0% |
| 32 MILLBURN DR | 2025-08 | $200,000 | 888 | 85.5% |
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