The Fair Share Report

57 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

≈ $273,889

Likely range $230,208 – $348,221, from 12 comparable Jefferson sales in the past 18 months, at this home's 595 sq ft.

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 $273,889 home should be assessed near $190,955.

Step 3 · Assessed value

$171,900

Set at the last town-wide revaluation and mostly frozen since. That's $19,055 below what the ratio math suggests (10.0%).

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

$5,336/yr
Public schools$3,214
Morris County$524
Town of Jefferson$1,597
Jefferson average$9,952

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

Town median 60.3%
This home · 62.8%

43%86%

Paying about right

This home's ratio lands inside Jefferson's normal band. The drift hasn't singled it out — no case for a tax appeal.

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

AddressSoldPriceSq ftRatio
32 RESERVOIR RD2025-04$261,00056750.6%
ROCKAWAY RD2025-12$357,00061055.1%
7 PINE ST2025-02$260,00067262.2%
86 W SHAWNEE TRL2025-07$355,00059448.9%
58 E SHORE RD2025-12$285,00064056.4%
1 BEAVER TER2026-04$490,00070741.5%
94 WILDWOOD RD2025-06$370,00074544.1%
61 PEQUOT TRL2025-12$230,00080881.2%
6 REDMENS DR2025-04$205,000552110.0%
2 SHORE RD2025-07$390,00074465.3%
3 PRESTON KING TRL2026-03$379,90060452.7%
4 RIDGE VIEW TER2026-01$325,00060461.6%

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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 →