The Fair Share Report
502 E Ave
Fairfield, NJ 08332
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Fairfield's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $145,000 – $265,000, from 12 comparable Fairfield sales in the past 18 months.
Step 2 · The Director's Ratio
The state's official measure of how far Fairfield assessments sit below market value — republished every October, applied town-wide. A $175,000 home should be assessed near $145,828.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,373 above what the ratio math suggests (7.1%).
Step 4 · The tax rate — same for every Fairfield home
$1.447 Schools · 49% $1.029 County · 35% $0.495 Town · 17%
Step 5 · The bill
This home vs. every recent Fairfield sale · assessed ÷ market
52%130%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 313 SHOEMAKER LN | 2026-01 | $145,000 | 960 | 88.7% |
| 227 FAIRTON MILLVILLE RD | 2026-02 | $150,000 | 1,356 | 103.0% |
| 330 CLARKS POND RD | 2025-04 | $265,000 | 1,092 | 57.9% |
| 19 WALDENS DR | 2026-02 | $300,000 | 1,040 | 57.6% |
| 16 WALDENS DR | 2025-12 | $260,000 | 960 | 53.4% |
| 4 WALDENS DR | 2025-03 | $175,000 | 1,228 | 97.7% |
| 6 BAREND ST | 2025-04 | $160,000 | 1,092 | 100.6% |
| 444 EAST AVE | 2025-02 | $148,400 | 912 | 96.2% |
| 519 BACK NECK RD | 2025-03 | $73,000 | 856 | 135.8% |
| 7 WALDENS DR | 2025-10 | $160,000 | 1,864 | 124.6% |
| 173 BRIDGETON FAIRTON RD | 2025-05 | $265,000 | 1,308 | 53.5% |
| 40 CEDAR LN | 2025-01 | $230,000 | 2,085 | 103.4% |
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