The Fair Share Report
8 Ledge Rd
Jefferson, NJ 07849
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 $325,876 – $459,995, 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 $442,674 home should be assessed near $308,632.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $93,532 below what the ratio math suggests (30.3%).
Step 4 · The tax rate — same for every Jefferson home
$1.809 Schools · 60% $0.295 County · 10% $0.899 Town · 30%
Step 5 · The bill
This home vs. every recent Jefferson sale · assessed ÷ market
41%86%
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 |
|---|---|---|---|---|
| 301 ESPANONG RD | 2025-05 | $352,000 | 1,264 | 62.7% |
| 5453 BERKSHIRE VALLEY RD | 2026-05 | $471,000 | 1,274 | 55.5% |
| 10 CYPRESS RD | 2025-06 | $302,000 | 1,063 | 66.8% |
| 12 ELK DR | 2025-11 | $409,000 | 1,128 | 63.5% |
| 111 WILDWOOD RD | 2025-05 | $451,000 | 1,317 | 55.3% |
| 3 CYPRESS RD | 2025-02 | $425,000 | 1,032 | 67.4% |
| 9 BENEDICT DR | 2025-06 | $825,000 | 1,372 | 54.9% |
| 19 MOHAWK TRL | 2025-02 | $370,000 | 1,008 | 74.3% |
| 20 MC NABB RD | 2025-11 | $550,000 | 1,522 | 78.4% |
| 6 ORCHARD RD | 2025-10 | $420,000 | 1,092 | 57.2% |
| 41 HIGH VIEW TRL | 2025-09 | $389,000 | 1,228 | 60.4% |
| 55 LYONS RD | 2026-01 | $450,000 | 1,207 | 62.7% |
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