The Fair Share Report
114 Central Ave
Washington, NJ 08032
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 $251,023 – $370,555, 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 $322,371 home should be assessed near $191,521.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,421 below what the ratio math suggests (20.6%).
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
36%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 |
|---|---|---|---|---|
| 140 ALTAIR DR | 2025-08 | $325,000 | 1,360 | 56.6% |
| 78 LUPUS LN | 2025-06 | $365,000 | 1,360 | 48.4% |
| 306 PINE ST | 2026-01 | $355,000 | 1,312 | 51.0% |
| 306 PINE ST | 2025-09 | $210,000 | 1,312 | 86.3% |
| 149 GREENTREE RD | 2026-01 | $200,450 | 1,380 | 75.2% |
| 2 ARCTURUS DR | 2026-05 | $375,000 | 1,360 | 47.1% |
| 423 GREENVIEW DR | 2026-03 | $399,000 | 1,400 | 49.9% |
| 29 WOODBROOK RD | 2025-01 | $372,690 | 1,400 | 49.0% |
| 41 HYANNIS AVE | 2026-01 | $375,000 | 1,396 | 53.6% |
| 35 SHERWOOD DR | 2026-06 | $299,000 | 1,284 | 59.5% |
| 109 FOMALHAUT AVE | 2026-02 | $289,900 | 1,352 | 39.7% |
| 45 J PRISTINE PL | 2025-12 | $300,000 | 1,353 | 46.3% |
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