The Fair Share Report

119 Turtleback Rd

Washington, NJ 07830

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

≈ $783,283

Likely range $738,865 – $831,439, from 12 comparable Washington sales in the past 18 months (home size estimated from assessor data — range widened).

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 $783,283 home should be assessed near $538,977.

Step 3 · Assessed value

$466,700

Set at the last town-wide revaluation and mostly frozen since. That's $72,277 below what the ratio math suggests (13.4%).

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

$14,015/yr
Public schools$9,998
Morris County$1,493
Town of Washington$2,524
Washington average$13,292

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

Town median 60.2%
This home · 59.6%

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
142 BEACON HILL RD2025-07$825,0002,84048.9%
81 OLD TURNPIKE RD2025-09$635,0002,70170.1%
56 ZELLERS RD FL2026-02$1,200,0003,41757.0%
123 W VALLEY BROOK RD2026-06$800,7142,92657.8%
34 JACKIE DR FL2025-05$750,0002,65964.3%
169 NAUGHRIGHT RD2025-06$795,0002,53652.3%
88 W SPRINGTOWN RD FL2025-09$750,0002,92262.0%
5 FIELDSTONE DR FL2026-06$960,0002,67856.9%
14 CLEARVIEW DR2025-10$865,0003,00859.9%
19 CIDER MILL LN2025-03$760,0002,72567.3%
18 E VALLEY BROOK RD2025-07$605,0002,76758.2%
30 SQUIRE HILL RD2025-10$875,0003,11757.5%

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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 →