The Fair Share Report
7 Sheldon Dr
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 $913,673 – $1,182,638, from 12 comparable Jackson sales in the past 18 months, at this home's 3,501 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 $1,039,067 home should be assessed near $1,032,833.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $170,067 above what the ratio math suggests (16.5%).
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
76%137%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $2,357/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 38 OVERLOOK DRIVE | 2025-04 | $1,150,000 | 3,464 | 101.2% |
| 10 EMMA LANE | 2025-09 | $1,210,000 | 3,582 | 94.7% |
| 31 OVERLOOK DRIVE | 2025-01 | $905,000 | 3,666 | 118.7% |
| 31 STONEHENGE COURT | 2025-07 | $840,000 | 3,430 | 121.4% |
| 7 CEDARVIEW AVENUE | 2026-02 | $999,000 | 3,451 | 102.9% |
| 17 DANIELLE COURT | 2025-08 | $1,850,000 | 3,421 | 70.7% |
| 657 RODRIGUEZ LANE | 2026-03 | $811,000 | 3,478 | 107.5% |
| 18 BRITTANY LANE | 2025-04 | $999,000 | 3,366 | 102.2% |
| 24 CONOR ROAD | 2026-05 | $1,250,000 | 3,491 | 95.6% |
| 46 OVERLOOK DRIVE | 2026-03 | $1,100,000 | 3,540 | 100.3% |
| 15 RODEO DRIVE | 2026-06 | $1,250,000 | 3,371 | 103.2% |
| 10 JEFFERSON COURT | 2025-07 | $1,205,000 | 3,586 | 96.4% |
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