The Fair Share Report
5 Rye 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $364,735 – $437,817, from 12 comparable Jackson sales in the past 18 months, at this home's 1,554 sq ft.
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 $384,334 home should be assessed near $382,028.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $56,772 above what the ratio math suggests (14.9%).
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
76%126%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $787/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 42 MERION LANE | 2025-10 | $435,000 | 1,544 | 110.2% |
| 70 CROMWELL LANE | 2026-04 | $405,000 | 1,551 | 107.8% |
| 47 S BAKER DRIVE | 2025-07 | $370,000 | 1,589 | 99.0% |
| 54 S BAKER DRIVE | 2025-05 | $335,000 | 1,508 | 105.7% |
| 8 N BAKER DRIVE | 2025-11 | $387,500 | 1,469 | 90.9% |
| 19 GROSUNOR COURT | 2025-10 | $380,000 | 1,553 | 93.5% |
| 19 GROSUNOR COURT | 2025-04 | $364,500 | 1,553 | 97.5% |
| 9 RUMFORD COURT | 2025-06 | $345,000 | 1,476 | 110.2% |
| 17 MEDINAH COURT | 2026-04 | $409,800 | 1,660 | 107.3% |
| 18 WALTHAM WAY | 2025-08 | $475,000 | 1,623 | 112.2% |
| 14 WOOTEN COURT | 2026-05 | $460,000 | 1,565 | 96.4% |
| 17 KILDARE LANE | 2025-08 | $369,000 | 1,492 | 91.4% |
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