The Fair Share Report

52 Lyons Rd

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.

Step 1 · Market value

≈ $426,953

Likely range $364,792 – $489,716, from 12 comparable Jefferson sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

69.72%

The state's official measure of how far Jefferson assessments sit below market value — republished every October, applied town-wide. A $426,953 home should be assessed near $297,672.

Step 3 · Assessed value

$184,000

Set at the last town-wide revaluation and mostly frozen since. That's $113,672 below what the ratio math suggests (38.2%).

Step 4 · The tax rate — same for every Jefferson home

$3.003 per $100 assessed

$1.809 Schools · 60% $0.295 County · 10% $0.899 Town · 30%

Step 5 · The bill

$5,711/yr
Public schools$3,441
Morris County$561
Town of Jefferson$1,710
Jefferson average$9,952

This home vs. every recent Jefferson sale · assessed ÷ market

Town median 60.3%
This home · 43.1%

32%86%

Keep quiet and enjoy it

This home's assessment ratio sits below the Jefferson pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
152 PENNSYLVANIA AVE2025-11$455,0001,10451.7%
16 VENETIAN DR2025-04$425,0001,08868.6%
7 BEAVER PT TRL2025-11$480,0001,09853.7%
8 PEQUOT TRL2026-02$535,0001,09661.6%
49 NEW YORK AVE2026-04$500,0001,15247.4%
20 N NEW JERSEY AVE2025-08$415,0001,03272.2%
82 E SHAWNEE TRL2025-10$540,0001,04047.5%
131 S MARYLAND AVE2025-12$440,0001,24254.2%
41 HIGH VIEW TRL2025-09$389,0001,22860.4%
9 MILLBURN DR2025-11$410,0001,19051.0%
5504 BERKSHIRE VALLEY RD2026-03$370,0001,27860.5%
6 ORCHARD RD2025-10$420,0001,09257.2%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →