The Fair Share Report
9 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 $597,085 – $727,624, from 12 comparable Jackson sales in the past 18 months, at this home's 1,718 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 $645,000 home should be assessed near $641,130.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $104,030 below what the ratio math suggests (16.2%).
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
68%118%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 7 CITADEL COURT | 2026-01 | $645,000 | 1,718 | 87.8% |
| 7 HAWAII ROAD | 2025-06 | $765,000 | 1,700 | 85.1% |
| 1 CITADEL COURT | 2025-11 | $565,000 | 1,718 | 86.0% |
| 20 FORDHAM ROAD | 2025-03 | $720,000 | 1,700 | 91.2% |
| 112 MANHATTAN STREET | 2025-12 | $595,000 | 1,712 | 85.9% |
| 112 MANHATTAN STREET | 2025-05 | $390,000 | 1,712 | 131.1% |
| 37 BRYANT DRIVE | 2025-01 | $542,500 | 1,676 | 112.3% |
| 16 VERMONT AVENUE | 2025-09 | $775,000 | 1,700 | 83.1% |
| 12 NEW HAMPSHIRE STREET | 2025-04 | $801,000 | 1,716 | 77.5% |
| 117 MANHATTAN STREET | 2025-12 | $595,000 | 1,712 | 87.6% |
| 5 ATLANTA DRIVE | 2025-05 | $645,000 | 1,718 | 88.1% |
| 5 FLORIDA PLACE | 2026-03 | $775,000 | 1,844 | 84.1% |
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