The Fair Share Report
117 Summit Ave
Ewing, NJ 08628
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 $247,053 – $372,593, from 12 comparable Ewing 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 Ewing assessments sit below market value — republished every October, applied town-wide. A $313,224 home should be assessed near $197,958.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,458 below what the ratio math suggests (9.3%).
Step 4 · The tax rate — same for every Ewing home
$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%
Step 5 · The bill
This home vs. every recent Ewing sale · assessed ÷ market
39%78%
Paying about right
This home's ratio lands inside Ewing'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 |
|---|---|---|---|---|
| 1700 FIFTH ST | 2025-05 | $260,000 | 1,281 | 52.0% |
| 107 SUMMIT AVE | 2025-02 | $420,000 | 1,344 | 55.5% |
| 23 W UPPER FERRY RD | 2025-03 | $299,900 | 1,238 | 61.8% |
| 99 PENNWOOD DR | 2025-03 | $170,000 | 1,250 | 101.9% |
| 2511 COLUMBIA AVE | 2025-02 | $237,500 | 1,296 | 63.5% |
| 186 UPLAND AVE | 2026-02 | $339,900 | 1,212 | 46.8% |
| 1003 TERRACE BLVD | 2025-01 | $242,000 | 1,212 | 79.6% |
| 117 BROWNING AVE | 2025-12 | $290,101 | 1,344 | 61.6% |
| 641 CONCORD CIR | 2025-06 | $380,000 | 1,320 | 55.9% |
| 123 BUTTONWOOD DR | 2025-04 | $370,000 | 1,392 | 49.8% |
| 7 PERSHING AVE | 2025-12 | $404,000 | 1,379 | 66.8% |
| 47 SOMERSET ST | 2025-01 | $185,000 | 1,339 | 117.7% |
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