The Fair Share Report
11 Devore Rd
Readington, NJ 08822
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 $289,053 – $629,276, from 12 comparable Readington 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 Readington assessments sit below market value — republished every October, applied town-wide. A $318,112 home should be assessed near $220,865.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $246,735 above what the ratio math suggests (111.7%).
Step 4 · The tax rate — same for every Readington home
$1.708 Schools · 61% $0.506 County · 18% $0.584 Town · 21%
Step 5 · The bill
This home vs. every recent Readington sale · assessed ÷ market
48%167%
A touch high — worth watching
This home's ratio sits above most of Readington, but doesn't clear NJ's legal appeal line (79.84%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 54 JUNCO CT | 2026-05 | $235,000 | 1,968 | 70.1% |
| 364 BURDOCK CT | 2026-01 | $290,364 | 1,968 | 55.9% |
| 72 JUNCO CT | 2025-06 | $294,000 | 1,968 | 56.0% |
| 77 JUNCO CT | 2025-03 | $330,000 | 1,968 | 53.7% |
| 13 TAVERN LN | 2025-03 | $685,000 | 1,988 | 64.5% |
| 1602 SOUTH BRANCH DR | 2025-01 | $565,000 | 1,988 | 73.5% |
| 262 KINGBIRD CT | 2025-10 | $346,500 | 2,192 | 52.2% |
| 251 NUTHATCH CT | 2025-08 | $319,900 | 2,192 | 55.7% |
| 167 MILKWEED CT | 2025-06 | $349,000 | 2,192 | 51.1% |
| 349 BURDOCK CT | 2025-05 | $307,000 | 2,192 | 59.0% |
| 110 HUCKLEBERRY CT | 2025-04 | $327,500 | 2,192 | 54.4% |
| 333 PHOEBE CT | 2025-03 | $380,000 | 2,192 | 46.9% |
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