The Fair Share Report
511 Basso St
Jackson, NJ 08701
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 $530,926 – $800,388, from 12 comparable Jackson 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 Jackson assessments sit below market value — republished every October, applied town-wide. A $554,928 home should be assessed near $551,598.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $548,402 above what the ratio math suggests (99.4%).
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%213%
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 $7,601/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 403 BASSO STREET | 2025-03 | $950,000 | 2,236 | 85.0% |
| 333 CHANDLER ROAD | 2025-07 | $648,000 | 2,140 | 109.4% |
| 156 SAMS ROAD | 2025-06 | $1,096,000 | 2,288 | 73.9% |
| 28 GOLDFINCH ROAD | 2025-02 | $825,000 | 2,336 | 91.8% |
| 62 BROOKFIELD DRIVE | 2025-02 | $549,000 | 2,239 | 104.3% |
| 217 BROOKFIELD DRIVE | 2026-06 | $510,000 | 2,094 | 107.3% |
| 141 BROOKFIELD DRIVE | 2026-05 | $535,000 | 2,094 | 104.4% |
| 42 BROOKFIELD DRIVE | 2026-01 | $519,000 | 2,094 | 106.1% |
| 137 BROOKFIELD DRIVE | 2025-09 | $525,000 | 2,094 | 99.5% |
| 105 BROOKFIELD DRIVE | 2025-06 | $515,000 | 2,094 | 106.8% |
| 139 BROOKFIELD DRIVE | 2025-04 | $490,000 | 2,094 | 105.3% |
| 45 N STUMP TAVERN RD | 2025-07 | $720,000 | 1,900 | 107.9% |
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