The Fair Share Report

104 E Springtown Rd

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

≈ $653,263

Likely range $567,083 – $677,371, 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 $653,263 home should be assessed near $449,510.

Step 3 · Assessed value

$329,700

Set at the last town-wide revaluation and mostly frozen since. That's $119,810 below what the ratio math suggests (26.7%).

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%

This home's own bill implies $2.927 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$9,651/yr
Public schools$6,885
Morris County$1,028
Town of Washington$1,738
Washington average$13,292

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

Town median 60.2%
This home · 50.5%

43%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
12 BLACK RIVER RD2025-01$861,3051,94063.4%
52 EAST AVE2025-08$643,0002,24262.7%
116 OLD FARMERS RD2025-06$510,0002,08058.8%
36 MOUNTAIN VIEW AVE2025-11$600,0002,13253.4%
6 N MAPLE AVE2025-09$576,0001,79960.8%
117 UPPER SUNSET DR2026-01$515,0001,95665.0%
249 NAUGHRIGHT RD2025-11$630,0002,00458.0%
24 PHEASANT DR2025-05$645,0001,99258.2%
13 OLD FARMERS RD2025-10$620,0002,22850.1%
337 NAUGHRIGHT RD2025-05$635,0001,98069.1%
159 KINGS HWY2025-08$600,0002,27052.5%
218 BEACON HILL RD2025-12$750,0002,07951.2%

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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 →