The Fair Share Report
101 Central Ave
Washington, NJ 08032
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 $415,437 – $446,743, from 12 comparable Washington 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 Washington assessments sit below market value — republished every October, applied town-wide. A $422,263 home should be assessed near $250,866.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $14,266 below what the ratio math suggests (5.7%).
Step 4 · The tax rate — same for every Washington home
$2.183 Schools · 60% $0.691 County · 19% $0.790 Town · 22%
Step 5 · The bill
This home vs. every recent Washington sale · assessed ÷ market
40%74%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 407 LINWOOD AVE | 2025-07 | $425,000 | 2,082 | 51.4% |
| 6 PEGASUS WAY | 2025-06 | $412,000 | 2,037 | 58.5% |
| 91 LONGWOOD DR | 2026-06 | $535,000 | 2,048 | 45.5% |
| 28 PEACOCK CIRCLE | 2025-03 | $425,000 | 2,030 | 55.2% |
| 1016 PUTNAM PL | 2025-04 | $409,000 | 2,026 | 61.6% |
| 102 BRYANT RD | 2025-09 | $430,000 | 2,056 | 49.3% |
| 518 CAMBRIDGE RD | 2025-10 | $350,000 | 1,934 | 67.8% |
| 26 CHURCHILL WAY | 2025-10 | $450,000 | 2,078 | 50.3% |
| 2 CARDINAL CT | 2025-08 | $417,500 | 2,016 | 56.1% |
| 62 PEACOCK CIRCLE | 2025-05 | $415,000 | 2,016 | 56.0% |
| 14 RITTENHOUSE SQUARE | 2025-06 | $595,000 | 2,064 | 48.4% |
| 17 CAPELLA RD | 2025-05 | $367,000 | 2,068 | 50.0% |
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