The Fair Share Report
1094 River Rd
Ewing, NJ 08628
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
The numbers support an appeal
Even at the cautious end of the range, this home's ratio clears NJ's Chapter 123 line (72.68%) — roughly $9,329/yr at stake. NJ appeals are generally due April 1.
Step 1 · Market value
Likely range $633,252 – $785,963, from 12 comparable Ewing sales in the past 18 months, at this home's 3,517 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Ewing assessments sit below market value — republished every October, applied town-wide. A $716,780 home should be assessed near $453,005.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $230,295 above what the ratio math suggests (50.8%).
Step 4 · The tax rate — same for every Ewing home
$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%
Step 5 · The bill
This home vs. every recent Ewing sale · assessed ÷ market
39%113%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1657-59 PENNINGTON RD | 2025-09 | $564,000 | 3,803 | 58.9% |
| 2 WOODFERN AVE | 2025-09 | $730,000 | 3,276 | 53.6% |
| 34 LOPATCONG DR | 2026-05 | $515,000 | 2,676 | 52.6% |
| 6 HICKORY HILL DR | 2025-10 | $454,818 | 2,526 | 60.4% |
| 20 BERNARD DR | 2025-10 | $480,000 | 2,759 | 72.2% |
| 12 CURRIER WAY | 2025-03 | $535,000 | 2,394 | 57.7% |
| 1218 LOWER FERRY RD | 2025-07 | $455,000 | 3,032 | 61.7% |
| 6 ROCKLEIGH DR | 2026-05 | $450,000 | 2,208 | 62.2% |
| 722 RIVER RD | 2025-11 | $580,000 | 3,209 | 65.3% |
| 5 LOPATCONG DR | 2025-09 | $517,000 | 2,184 | 51.9% |
| 92 LOCHATONG RD | 2025-08 | $599,000 | 2,304 | 60.6% |
| 6 VAN GOGH CT | 2026-03 | $525,000 | 2,026 | 53.4% |
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