The Fair Share Report

10 E Maple Ave

Washington, NJ 07853

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.

Step 1 · Market value

≈ $617,670

Likely range $549,232 – $668,044, from 12 comparable Washington sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

68.81%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $617,670 home should be assessed near $425,019.

Step 3 · Assessed value

$309,700

Set at the last town-wide revaluation and mostly frozen since. That's $115,319 below what the ratio math suggests (27.1%).

Step 4 · The tax rate — same for every Washington home

$3.003 per $100 assessed

$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%

Step 5 · The bill

$9,300/yr
Public schools$6,635
Morris County$991
Town of Washington$1,675
Washington average$13,292

This home vs. every recent Washington sale · assessed ÷ market

Town median 60.2%
This home · 50.1%

41%85%

Paying about right

This home's ratio lands inside Washington's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
45 KNOB HILL RD2026-04$625,0001,96153.8%
50 KNOB HILL RD2025-04$350,0001,89586.2%
6 N MAPLE AVE2025-09$576,0001,79960.8%
38 NESTLING WOOD DR2025-07$623,0002,05852.4%
23 PAULA DR2025-04$550,0001,81456.2%
32 FAWNRIDGE DR2025-08$615,0001,80054.1%
32 FAWNRIDGE DR2025-04$595,0001,80055.9%
1203 MAGNOLIA CT2025-09$424,9001,86858.5%
31 SPRING LN2025-07$599,0002,08055.7%
60 PAULA DR2025-05$667,0002,05858.5%
95 FAWNRIDGE DR2026-04$707,0001,94847.9%
149 FLOCKTOWN RD2026-06$815,0002,15346.6%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →