The Fair Share Report
9 Springbrook Ter
Byram, NJ 07871
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 $251,095 – $458,266, from 12 comparable Byram 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 Byram assessments sit below market value — republished every October, applied town-wide. A $332,951 home should be assessed near $193,511.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $47,711 below what the ratio math suggests (24.7%).
Step 4 · The tax rate — same for every Byram home
$2.312 Schools · 58% $0.673 County · 17% $1.033 Town · 26%
Step 5 · The bill
This home vs. every recent Byram sale · assessed ÷ market
26%72%
Paying about right
This home's ratio lands inside Byram'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 |
|---|---|---|---|---|
| 84 LEE HILL RD | 2025-07 | $249,000 | 767 | 76.1% |
| 19 LAUREL TRAIL | 2025-04 | $341,000 | 828 | 40.4% |
| 14 LAKE DR W | 2026-04 | $400,000 | 768 | 39.1% |
| 155 FOREST LAKE DR | 2025-05 | $475,000 | 816 | 38.6% |
| 75 GLENSIDE TRAIL | 2025-08 | $345,000 | 704 | 49.2% |
| 4 SOUTH LAKE TRAIL | 2025-03 | $415,000 | 878 | 48.1% |
| 15 STONY BROOK RD | 2025-08 | $357,000 | 861 | 52.3% |
| 19 BROOKWOOD DR | 2025-01 | $500,000 | 912 | 43.0% |
| 111 NORTH SHORE RD | 2026-04 | $365,000 | 600 | 36.5% |
| 14 ACORN ST | 2025-02 | $390,000 | 966 | 48.1% |
| 6 BEECH ST | 2025-05 | $347,000 | 1,060 | 54.3% |
| 10 CARLSON LN | 2025-10 | $383,000 | 994 | 45.8% |
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