The Fair Share Report
68 Gilbert Rd
Springfield, NJ 08505
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 $345,408 – $440,110, from 11 comparable Springfield sales in the past 18 months, at this home's 1,508 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Springfield assessments sit below market value — republished every October, applied town-wide. A $378,239 home should be assessed near $217,563.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,337 above what the ratio math suggests (13.5%).
Step 4 · The tax rate — same for every Springfield home
$1.943 Schools · 58% $0.554 County · 16% $0.874 Town · 26%
Step 5 · The bill
This home vs. every recent Springfield sale · assessed ÷ market
33%96%
A touch high — worth watching
This home's ratio sits above most of Springfield, but doesn't clear NJ's legal appeal line (66.15%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 120 GILBERT RD | 2025-05 | $278,000 | 1,626 | 98.2% |
| 34 APPLEGATE ROAD | 2026-03 | $415,000 | 1,546 | 49.6% |
| 332 JULIUSTOWN RD | 2025-09 | $662,500 | 2,270 | 43.2% |
| 27719 MT PLEASANT RD | 2025-07 | $520,000 | 1,587 | 51.3% |
| 2707 MONMOUTH ROAD | 2026-04 | $458,000 | 1,826 | 39.0% |
| 224 WARNER ROAD | 2025-02 | $425,000 | 1,170 | 36.0% |
| 137 WARNER ROAD | 2025-06 | $580,000 | 2,374 | 42.4% |
| 931 JACKS MT HOLLY RD | 2025-10 | $369,000 | 1,611 | 35.7% |
| 240 BURRS ROAD | 2025-07 | $508,000 | 2,188 | 46.7% |
| 2149 JACKS JOBSTOWN RD | 2025-01 | $372,500 | 1,326 | 49.5% |
| 1843 JACKS JOBSTOWN RD | 2025-11 | $150,000 | 960 | 90.1% |
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