The Fair Share Report
5 Gorham Ct
Jackson, NJ 08527
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.
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Step 1 · Market value
Likely range $579,671 – $1,336,114, from 12 comparable Jackson 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 Jackson assessments sit below market value — republished every October, applied town-wide. A $961,282 home should be assessed near $955,514.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $136,314 below what the ratio math suggests (14.3%).
Step 4 · The tax rate — same for every Jackson home
$0.781 Schools · 56% $0.320 County · 23% $0.284 Town · 21%
Step 5 · The bill
This home vs. every recent Jackson sale · assessed ÷ market
56%147%
Paying about right
This home's ratio lands inside Jackson'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 |
|---|---|---|---|---|
| 33 BROOKFIELD DRIVE | 2025-05 | $520,000 | 2,822 | 104.9% |
| 7 CHURCHILL COURT | 2025-04 | $1,325,000 | 2,988 | 83.7% |
| 67 PICCADILLY DRIVE | 2025-03 | $1,290,000 | 2,988 | 91.1% |
| 304 MACKENZIE DRIVE | 2026-02 | $980,000 | 2,946 | 93.2% |
| 16 SCARBOROUGH DRIVE | 2025-05 | $1,185,000 | 2,758 | 95.0% |
| 482 MEADOWOOD ROAD | 2026-04 | $980,000 | 2,998 | 93.8% |
| 31 BROOKFIELD DRIVE | 2025-08 | $525,000 | 2,634 | 110.7% |
| 340 MEADOWOOD ROAD | 2025-06 | $970,000 | 3,004 | 96.1% |
| 4 KENT COURT | 2025-02 | $1,265,000 | 2,664 | 86.6% |
| 10 SUNNINGDALE COURT | 2026-03 | $620,000 | 2,923 | 100.2% |
| 104 GABLES WAY | 2025-07 | $677,500 | 2,572 | 96.8% |
| 10 BALMORAL DRIVE | 2026-01 | $685,000 | 2,996 | 99.4% |
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