The Fair Share Report

10 Turtleback Rd

Washington, NJ 07830

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

≈ $876,496

Likely range $770,804 – $1,037,380, from 12 comparable Washington sales in the past 18 months, at this home's 3,617 sq ft.

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 $876,496 home should be assessed near $603,117.

Step 3 · Assessed value

$547,500

Set at the last town-wide revaluation and mostly frozen since. That's $55,617 below what the ratio math suggests (9.2%).

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

$16,441/yr
Public schools$11,729
Morris County$1,751
Town of Washington$2,961
Washington average$13,292

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

Town median 60.2%
This home · 62.5%

46%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
32 NANCY TER2026-04$800,0003,75476.8%
208 FAIRMOUNT RD2025-09$620,0003,52880.9%
12 WALDON RD2026-05$900,0003,21753.9%
50 MARKHAM DR2025-06$846,0003,38161.5%
23 YORKSHIRE DR2025-04$885,0003,65462.7%
11 HIGHLAND AVE2026-05$1,169,0003,28657.4%
26 GLEN RIDGE DR2025-10$900,0003,13860.2%
65 WEHRLI RD2026-03$835,0002,81056.6%
125 DRAKESTOWN RD2025-09$697,0003,36675.5%
16 THOMAS FARM LN2025-02$829,0003,42177.3%
8 GENTRY DR2025-05$910,0004,04765.4%
18 E VALLEY BROOK RD2025-07$605,0002,76758.2%

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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 →