The Fair Share Report
110 Summit Ave
Washington, NJ 08081
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 $328,650 – $424,218, 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 $388,809 home should be assessed near $230,991.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $59,991 below what the ratio math suggests (26.0%).
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
35%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 |
|---|---|---|---|---|
| 102 FORREST DR | 2026-01 | $422,000 | 1,592 | 45.9% |
| 15 PEMBROOK DR | 2025-07 | $465,000 | 1,600 | 41.8% |
| 203 CHATHAM RD | 2025-09 | $450,000 | 1,536 | 51.9% |
| 411 GREENVIEW DR | 2026-04 | $310,000 | 1,610 | 57.5% |
| 85 GOLFVIEW DR | 2026-05 | $351,000 | 1,591 | 60.6% |
| 912 ACADIA DR | 2025-07 | $390,000 | 1,520 | 48.7% |
| 158 GANTTOWN RD | 2025-09 | $418,000 | 1,704 | 42.5% |
| 913 ACADIA DR | 2025-03 | $420,000 | 1,660 | 57.2% |
| 1028 STANDISH DR | 2025-08 | $405,000 | 1,664 | 50.4% |
| 371 WEDGEWOOD DR | 2026-02 | $458,000 | 1,744 | 41.6% |
| 371 WEDGEWOOD DR | 2025-08 | $243,000 | 1,744 | 78.3% |
| 923 COACH RD | 2025-09 | $345,000 | 1,625 | 57.9% |
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