The Fair Share Report

5 Pine St

Jefferson, NJ 07849

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.

Step 1 · Market value

≈ $411,108

Likely range $315,921 – $457,946, from 12 comparable Jefferson sales in the past 18 months, at this home's 1,112 sq ft.

Step 2 · The Director's Ratio

69.72%

The state's official measure of how far Jefferson assessments sit below market value — republished every October, applied town-wide. A $411,108 home should be assessed near $286,624.

Step 3 · Assessed value

$189,000

Set at the last town-wide revaluation and mostly frozen since. That's $97,624 below what the ratio math suggests (34.1%).

Step 4 · The tax rate — same for every Jefferson home

$3.003 per $100 assessed

$1.809 Schools · 60% $0.295 County · 10% $0.899 Town · 30%

Step 5 · The bill

$5,867/yr
Public schools$3,534
Morris County$576
Town of Jefferson$1,756
Jefferson average$9,952

This home vs. every recent Jefferson sale · assessed ÷ market

Town median 60.3%
This home · 46.0%

36%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)

AddressSoldPriceSq ftRatio
10 CYPRESS RD2025-06$302,0001,06366.8%
12 ELK DR2025-11$409,0001,12863.5%
3 CYPRESS RD2025-02$425,0001,03267.4%
6 ORCHARD RD2025-10$420,0001,09257.2%
19 MOHAWK TRL2025-02$370,0001,00874.3%
32 LAUREL DR2026-01$255,0001,10061.3%
90 GEORGIA AVE2025-07$400,00095258.3%
5453 BERKSHIRE VALLEY RD2026-05$471,0001,27455.5%
20 DELAWARE AVE2025-01$380,0001,02054.8%
301 ESPANONG RD2025-05$352,0001,26462.7%
4 SHORE RD2025-09$421,00093247.1%
7 COMO TER2025-08$441,0001,01451.4%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →