The Fair Share Report
111 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 $302,848 – $419,795, 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 $381,355 home should be assessed near $226,563.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,763 below what the ratio math suggests (28.6%).
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
33%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 |
|---|---|---|---|---|
| 317 WILSON RD | 2025-01 | $360,000 | 1,490 | 57.4% |
| 825 LEXINGTON DR | 2026-02 | $305,000 | 1,530 | 61.4% |
| 869 WHITMAN DR | 2026-04 | $430,000 | 1,482 | 50.6% |
| 1 RIVER BIRCH RD | 2024-12 | $380,000 | 1,398 | 52.3% |
| 35 FORREST DR | 2025-08 | $410,000 | 1,450 | 47.8% |
| 912 ACADIA DR | 2025-07 | $390,000 | 1,520 | 48.7% |
| 323 WESTMINSTER BLVD | 2026-05 | $375,000 | 1,398 | 57.9% |
| 321 WESTMINSTER BLVD | 2025-08 | $360,000 | 1,398 | 55.4% |
| 203 CHATHAM RD | 2025-09 | $450,000 | 1,536 | 51.9% |
| 423 GREENVIEW DR | 2026-03 | $399,000 | 1,400 | 49.9% |
| 29 WOODBROOK RD | 2025-01 | $372,690 | 1,400 | 49.0% |
| 1015 MERRYMOUNT S | 2025-08 | $295,000 | 1,496 | 74.2% |
Is this your house?
Run your own report →