The Fair Share Report
12 Eagle Rd
Washington, NJ 08012
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 $386,828 – $449,784, 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 $414,335 home should be assessed near $246,156.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,656 below what the ratio math suggests (8.4%).
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
40%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 |
|---|---|---|---|---|
| 1025 PUTNAM PL | 2026-03 | $425,000 | 1,953 | 50.0% |
| 518 CAMBRIDGE RD | 2025-10 | $350,000 | 1,934 | 67.8% |
| 12 MULBERRY RD | 2024-12 | $405,000 | 1,909 | 50.8% |
| 34 WHITE BIRCH RD | 2026-04 | $440,000 | 1,928 | 49.7% |
| 26 SHEFFIELD LN | 2025-11 | $410,000 | 2,018 | 50.3% |
| 1008 HANCOCK DR | 2026-02 | $385,000 | 1,928 | 62.2% |
| 14 BELLS LAKE DR | 2025-09 | $460,000 | 1,896 | 42.8% |
| 73 BELLS LAKE DR | 2025-09 | $287,800 | 1,892 | 68.6% |
| 86 GREENWOOD DR | 2025-08 | $410,000 | 1,840 | 49.6% |
| 102 BRYANT RD | 2025-09 | $430,000 | 2,056 | 49.3% |
| 11 SUSSEX CT | 2025-03 | $475,000 | 1,937 | 50.1% |
| 24 CASTOR CT | 2025-06 | $425,000 | 1,918 | 51.5% |
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