The Fair Share Report

116 E Springtown Rd

Washington, NJ 07853

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.

Step 1 · Market value

≈ $703,911

Likely range $649,889 – $774,462, from 12 comparable Washington sales in the past 18 months, at this home's 2,456 sq ft.

Step 2 · The Director's Ratio

68.81%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $703,911 home should be assessed near $484,361.

Step 3 · Assessed value

$409,000

Set at the last town-wide revaluation and mostly frozen since. That's $75,361 below what the ratio math suggests (15.6%).

Step 4 · The tax rate — same for every Washington home

$3.003 per $100 assessed

$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%

Step 5 · The bill

$12,282/yr
Public schools$8,762
Morris County$1,308
Town of Washington$2,212
Washington average$13,292

This home vs. every recent Washington sale · assessed ÷ market

Town median 60.2%
This home · 58.1%

46%85%

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)

AddressSoldPriceSq ftRatio
44 FLINTLOCK DR2025-04$880,0002,60746.9%
18 FALCON LN2025-10$785,0002,55059.4%
23 BLACKBERRY PL2025-09$879,0003,04559.0%
32 WINAY TER2026-05$850,0002,49253.9%
159 KINGS HWY2025-08$600,0002,27052.5%
9 SHADETREE PL2026-01$690,0002,28254.9%
91 SPRING LN2025-06$690,9862,61668.6%
3 STONY BROOK RD2025-08$805,0002,49060.0%
4 ROSALYN DR2025-02$640,0002,32063.3%
BARTLEY RD2026-06$730,0002,31580.2%
11 FOREST VIEW DR2025-07$523,7502,46869.0%
31 WINAY TER2025-07$750,0002,68660.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →