The Fair Share Report

14 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.

Step 1 · Market value

≈ $440,972

Likely range $412,389 – $471,629, from 12 comparable Washington sales in the past 18 months, at this home's 2,248 sq ft.

Step 2 · The Director's Ratio

59.41%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $440,972 home should be assessed near $261,981.

Step 3 · Assessed value

$305,800

Set at the last town-wide revaluation and mostly frozen since. That's $43,819 above what the ratio math suggests (16.7%).

Step 4 · The tax rate — same for every Washington home

$3.664 per $100 assessed

$2.183 Schools · 60% $0.691 County · 19% $0.790 Town · 22%

Step 5 · The bill

$11,798/yr
Public schools$7,029
Gloucester County$2,225
Town of Washington$2,544
Washington average$8,542

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

Town median 51.9%
This home · 69.3%

40%80%

A touch high — worth watching

This home's ratio sits above most of Washington, but doesn't clear NJ's legal appeal line (68.32%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
41 BRIDGE DR2025-10$454,0002,15859.9%
18 FORREST DR2025-08$430,0002,34454.2%
910 HOWE ST2025-01$460,0002,34950.9%
49 BELMAR CT2025-07$469,9002,27554.5%
1003 MERRYMOUNT N2025-06$407,0002,18056.7%
3 ARLINGTON DR2026-05$471,0002,24556.1%
121 CAPELLA RD2025-05$395,0002,33250.8%
1010 HANCOCK DR2026-05$430,0002,35249.4%
129 TRENT RD2025-07$460,0002,34553.5%
3 DUNCAN CT2025-01$400,0002,22658.1%
9 EDEN RD2025-10$525,0002,37252.5%
1 BUNKER HILL RD2025-08$480,0002,23849.5%

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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 →