The Fair Share Report
14 Devore Rd
Readington, NJ 08822
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 $325,194 – $808,608, 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 $752,216 home should be assessed near $522,264.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,864 below what the ratio math suggests (0.9%).
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
48%165%
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 |
|---|---|---|---|---|
| 14 CHAMBERLAIN RD | 2025-12 | $825,000 | 2,733 | 65.8% |
| 4 CHAMBERLAIN RD | 2025-12 | $865,000 | 2,704 | 68.7% |
| 3 DALLEY ST | 2025-05 | $860,000 | 2,424 | 58.8% |
| 4 SHURTS RD | 2026-04 | $826,000 | 2,664 | 58.6% |
| 18 SHURTS RD | 2025-04 | $780,000 | 2,667 | 64.3% |
| 531 LOCUST RD | 2025-06 | $590,000 | 2,766 | 80.1% |
| 3 HENDRICK RD | 2025-07 | $785,000 | 2,600 | 69.2% |
| 2 BLACKSMITH RD | 2025-10 | $800,000 | 2,504 | 69.8% |
| 262 KINGBIRD CT | 2025-10 | $346,500 | 2,192 | 52.2% |
| 251 NUTHATCH CT | 2025-08 | $319,900 | 2,192 | 55.7% |
| 167 MILKWEED CT | 2025-06 | $349,000 | 2,192 | 51.1% |
| 349 BURDOCK CT | 2025-05 | $307,000 | 2,192 | 59.0% |
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