The Fair Share Report
7 Bailey Ct
Jackson, NJ 08527
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 $640,441 – $819,321, 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 $771,767 home should be assessed near $767,136.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,536 below what the ratio math suggests (0.7%).
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%124%
Paying about right
This home's ratio lands inside Jackson's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 16 COTTONWOOD DRIVE | 2025-08 | $825,000 | 2,658 | 99.0% |
| 31 BROOKFIELD DRIVE | 2025-08 | $525,000 | 2,634 | 110.7% |
| 31 COTTONWOOD DRIVE | 2026-05 | $805,000 | 2,551 | 96.4% |
| 235 LEESVILLE ROAD | 2025-12 | $750,000 | 2,695 | 117.3% |
| 10 CLEVELAND COURT | 2025-11 | $850,000 | 2,530 | 105.5% |
| 5 MAGPIE COURT | 2026-03 | $810,000 | 2,542 | 106.7% |
| 115 LEESVILLE ROAD | 2025-09 | $590,000 | 2,770 | 124.0% |
| 7 MITCHELL COURT | 2025-08 | $845,000 | 2,526 | 112.0% |
| 47 COTTONWOOD DRIVE | 2025-03 | $801,000 | 2,602 | 104.4% |
| 1 OPAL COURT | 2026-02 | $823,500 | 2,722 | 121.2% |
| 156 FARMERS LANE | 2025-01 | $1,250,000 | 2,449 | 75.4% |
| 444 PFISTER ROAD | 2025-09 | $679,000 | 2,556 | 114.9% |
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