The Fair Share Report

102 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.

Step 1 · Market value

≈ $500,847

Likely range $479,965 – $537,314, from 12 comparable Washington sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

59.41%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $500,847 home should be assessed near $297,553.

Step 3 · Assessed value

$272,600

Set at the last town-wide revaluation and mostly frozen since. That's $24,953 below what the ratio math suggests (8.4%).

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

$3.664 per $100 assessed

$2.183 Schools · 60% $0.691 County · 19% $0.790 Town · 22%

Step 5 · The bill

$10,517/yr
Public schools$6,266
Gloucester County$1,983
Town of Washington$2,268
Washington average$8,542

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

Town median 51.9%
This home · 54.4%

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)

AddressSoldPriceSq ftRatio
407 LINWOOD AVE2025-07$425,0002,08251.4%
12 WESTWOOD DR2025-04$480,0002,42552.1%
14 WHITE PINE DR2025-03$517,5002,44050.1%
49 BELMAR CT2025-07$469,9002,27554.5%
12 PALMER CT2025-11$525,0002,37255.0%
36 NORWICH DR2025-10$484,0002,37254.6%
6 PALMER CT2025-08$557,0002,37249.8%
118 GOLFVIEW DR2025-06$475,0002,37258.7%
9 GREEN ACRE WAY2026-04$544,0002,58046.1%
5 GALOUBET WALK2026-06$628,0002,34047.6%
7 DERBY DR2026-05$550,0002,59651.6%
208 DORADO AVE2025-09$664,5002,33041.3%

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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 →