The Fair Share Report
13 Mitchell Rd
Readington, NJ 08876
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 $612,213 – $774,528, from 12 comparable Readington 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 Readington assessments sit below market value — republished every October, applied town-wide. A $717,558 home should be assessed near $498,201.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $99,801 below what the ratio math suggests (20.0%).
Step 4 · The tax rate — same for every Readington home
$1.708 Schools · 61% $0.506 County · 18% $0.584 Town · 21%
Step 5 · The bill
This home vs. every recent Readington sale · assessed ÷ market
46%85%
Paying about right
This home's ratio lands inside Readington'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 |
|---|---|---|---|---|
| 2 DEMOTT DR | 2025-07 | $801,500 | 2,160 | 57.1% |
| 9 HENDRICK RD | 2026-02 | $565,000 | 2,037 | 85.9% |
| 2 VAN PELT DR | 2025-06 | $725,000 | 2,018 | 63.9% |
| 1075 RT 523 | 2025-10 | $350,000 | 2,240 | 105.3% |
| 6 DORSET LN | 2025-06 | $720,000 | 2,064 | 63.3% |
| 10 CLARK LN | 2025-12 | $620,000 | 1,993 | 65.1% |
| 9 WEAVERS LN | 2026-01 | $700,000 | 2,184 | 63.7% |
| 6 SCHAMP CIR | 2025-01 | $740,000 | 1,964 | 54.8% |
| 98 DREAHOOK RD | 2025-08 | $640,000 | 1,714 | 64.2% |
| 43 OAKLAND DR E | 2025-01 | $605,000 | 2,184 | 78.1% |
| 32 PULASKI RD | 2025-12 | $700,000 | 1,960 | 61.5% |
| 521 RT 523 | 2025-06 | $553,000 | 1,797 | 61.0% |
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