The Fair Share Report
5 Springbrook Ter
Byram, NJ 07871
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 $326,344 – $479,815, from 12 comparable Byram 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 Byram assessments sit below market value — republished every October, applied town-wide. A $437,886 home should be assessed near $254,499.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $47,799 below what the ratio math suggests (18.8%).
Step 4 · The tax rate — same for every Byram home
$2.312 Schools · 58% $0.673 County · 17% $1.033 Town · 26%
Step 5 · The bill
This home vs. every recent Byram sale · assessed ÷ market
36%72%
Paying about right
This home's ratio lands inside Byram'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 |
|---|---|---|---|---|
| 159 GLENSIDE TRAIL | 2026-06 | $450,000 | 1,248 | 48.4% |
| 50 SHERWOOD FOREST DR | 2025-02 | $460,000 | 1,196 | 49.9% |
| 6 MAUGTAUG TRAIL | 2025-09 | $316,000 | 1,109 | 46.8% |
| 6 BEECH ST | 2025-05 | $347,000 | 1,060 | 54.3% |
| 32 MT HEIGHTS DR | 2025-10 | $460,000 | 1,092 | 43.9% |
| 194 GLENSIDE TRAIL | 2025-07 | $370,000 | 1,273 | 58.5% |
| 11 BEECH ST | 2026-06 | $510,000 | 1,372 | 52.8% |
| 501 STANHOPE RD | 2025-06 | $440,000 | 1,094 | 49.3% |
| 31 BELTON ST | 2025-07 | $510,000 | 1,066 | 44.1% |
| 200 LAKE DR | 2025-04 | $560,000 | 1,458 | 49.9% |
| 6 KA-TON-AH TRAIL | 2025-08 | $235,000 | 1,027 | 55.4% |
| 165 GLENSIDE TRAIL | 2026-04 | $415,000 | 1,379 | 50.3% |
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