The Fair Share Report
5 Ruby Dr
Jefferson, NJ 07438
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 $306,249 – $421,343, 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 $394,531 home should be assessed near $275,067.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,467 below what the ratio math suggests (17.6%).
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
43%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 |
|---|---|---|---|---|
| 20 N NEW JERSEY AVE | 2025-08 | $415,000 | 1,032 | 72.2% |
| 82 E SHAWNEE TRL | 2025-10 | $540,000 | 1,040 | 47.5% |
| 131 S NEW YORK AVE | 2025-09 | $307,000 | 960 | 65.0% |
| 21 RESERVOIR RD | 2025-01 | $350,000 | 896 | 55.5% |
| 23 OLD WOODLAND TRL | 2026-06 | $370,000 | 918 | 45.1% |
| 7 BEAVER PT TRL | 2025-11 | $480,000 | 1,098 | 53.7% |
| 125 SCHWARZ BLVD | 2025-07 | $440,000 | 1,094 | 55.3% |
| 54 WINONA TRL | 2026-03 | $175,000 | 1,142 | 107.6% |
| 16 VENETIAN DR | 2025-04 | $425,000 | 1,088 | 68.6% |
| 22 RACCOON ISLAND RD | 2025-10 | $155,000 | 894 | 128.1% |
| 22 RACCOON ISLAND RD | 2025-07 | $102,500 | 894 | 193.7% |
| 9 MILLBURN DR | 2025-11 | $410,000 | 1,190 | 51.0% |
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