The Fair Share Report
7 Mitchell Dr
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $222,521 – $419,611, from 12 comparable Jefferson 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 Jefferson assessments sit below market value — republished every October, applied town-wide. A $339,231 home should be assessed near $236,512.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,212 below what the ratio math suggests (13.2%).
Step 4 · The tax rate — same for every Jefferson home
$1.809 Schools · 60% $0.295 County · 10% $0.899 Town · 30%
This home's own bill implies $2.963 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Jefferson sale · assessed ÷ market
43%98%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 35 CEDAR TER | 2026-06 | $478,000 | 864 | 46.0% |
| 1 SISCO LN | 2025-10 | $360,000 | 788 | 65.2% |
| 73 W SHAWNEE TRL | 2026-03 | $350,000 | 919 | 61.3% |
| 23 FELTER PL | 2025-09 | $425,000 | 824 | 59.3% |
| 21 MOOSEPAC LN | 2025-10 | $435,000 | 936 | 66.5% |
| 45 W SHAWNEE TRL | 2026-03 | $165,000 | 704 | 92.5% |
| 58 RACCOON ISLAND RD | 2025-10 | $560,000 | 800 | 49.2% |
| 12 MARYANN RD | 2026-06 | $405,000 | 936 | 60.3% |
| 13 COVE RD | 2025-05 | $296,000 | 756 | 50.0% |
| 5520 BERKSHIRE VALLEY RD | 2025-06 | $330,000 | 598 | 49.5% |
| 14 LAUREL DR | 2025-01 | $360,000 | 780 | 44.8% |
| 22 RACCOON ISLAND RD | 2025-10 | $155,000 | 894 | 128.1% |
Is this your house?
Run your own report →