The Fair Share Report
610 Springfield Ave
Summit, NJ 07901
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 $2,104,446 – $2,901,212, from 12 comparable Summit sales in the past 18 months, at this home's 3,519 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Summit assessments sit below market value — republished every October, applied town-wide. A $2,471,050 home should be assessed near $761,331.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $295,831 below what the ratio math suggests (38.9%).
Step 4 · The tax rate — same for every Summit home
$2.335 Schools · 52% $1.092 County · 24% $1.043 Town · 23%
Summit also levies a Special Improvement District charge inside its district boundaries — the county roll doesn't say which homes are in it, but a bill's "IMPROVEMENT DISTRICT" line does. District homes pay $4.654 per $100 all-in (+$0.184).
Step 5 · The bill
This home vs. every recent Summit sale · assessed ÷ market
11%41%
Keep quiet and enjoy it
This home's assessment ratio sits below the Summit 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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 26 HAWTHORNE PL | 2025-04 | $2,200,000 | 3,133 | 29.6% |
| 80 WOODLAND AVE | 2025-01 | $3,325,000 | 3,759 | 22.2% |
| 138 MOUNTAIN AVE | 2025-05 | $2,300,000 | 3,846 | 27.4% |
| 115 MAPLE ST | 2025-10 | $2,550,000 | 3,093 | 23.8% |
| 10 WESTMINSTER RD | 2026-05 | $2,650,000 | 3,350 | 24.3% |
| 100 LARNED RD | 2025-11 | $3,200,000 | 3,821 | 21.5% |
| 159 KENT PLACE BLVD | 2025-08 | $2,525,000 | 3,538 | 27.8% |
| 12-14 GLENSIDE AVE | 2026-02 | $990,000 | 2,838 | 26.2% |
| 242 KENT PL BLVD | 2025-05 | $2,055,000 | 3,200 | 24.4% |
| 45 LEWIS AVE | 2025-08 | $1,900,000 | 3,521 | 18.2% |
| 25 BEDFORD ROAD | 2026-04 | $1,900,000 | 3,385 | 27.5% |
| 28 MOUNTAIN AVE | 2025-07 | $1,300,000 | 2,468 | 22.2% |
Is this your house?
Run your own report →