The Fair Share Report
7 Iris Dr
Jackson, NJ 08527
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Jackson's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $583,393 – $681,610, from 12 comparable Jackson sales in the past 18 months, at this home's 1,863 sq ft.
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 $633,183 home should be assessed near $629,384.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $84,684 below what the ratio math suggests (13.5%).
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
74%118%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 5 FLORIDA PLACE | 2026-03 | $775,000 | 1,844 | 84.1% |
| 1 TEXAS DRIVE | 2025-07 | $650,000 | 1,874 | 88.7% |
| 5 HARTFORD ROAD | 2025-03 | $686,000 | 1,875 | 87.8% |
| 4 MARYLAND DRIVE | 2026-02 | $759,500 | 1,920 | 83.8% |
| 6 ARKANSAS DRIVE | 2025-03 | $641,000 | 1,886 | 89.5% |
| 41 W CONNECTICUT CONCOURS | 2026-06 | $635,000 | 1,874 | 96.4% |
| 5 COLORADO DRIVE | 2025-07 | $573,980 | 1,890 | 99.5% |
| 5 S DAKOTA AVENUE | 2025-12 | $610,000 | 1,874 | 99.7% |
| 112 MANHATTAN STREET | 2025-12 | $595,000 | 1,712 | 85.9% |
| 112 MANHATTAN STREET | 2025-05 | $390,000 | 1,712 | 131.1% |
| 26 CITADEL DRIVE | 2026-03 | $590,000 | 1,838 | 86.5% |
| 42 GEORGIAN BOULEVARD | 2026-03 | $605,000 | 1,932 | 83.7% |
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