The Fair Share Report
15 Downing Rd
Ewing, NJ 08628
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.
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Step 1 · Market value
Likely range $207,136 – $253,239, from 12 comparable Ewing sales in the past 18 months, at this home's 720 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Ewing assessments sit below market value — republished every October, applied town-wide. A $220,769 home should be assessed near $139,526.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,526 below what the ratio math suggests (16.9%).
Step 4 · The tax rate — same for every Ewing home
$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%
Step 5 · The bill
This home vs. every recent Ewing sale · assessed ÷ market
39%78%
Paying about right
This home's ratio lands inside Ewing'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 |
|---|---|---|---|---|
| 4 DOWNING RD | 2025-12 | $235,000 | 672 | 52.1% |
| 43 IOWANA AVE | 2026-03 | $340,000 | 642 | 54.6% |
| 1832 PENNINGTON RD | 2025-12 | $160,000 | 770 | 69.6% |
| 209 CLAMER RD | 2025-09 | $325,000 | 864 | 42.1% |
| 17 HILLMAN AVE | 2026-03 | $245,000 | 806 | 40.0% |
| 262 CLAMER RD | 2025-11 | $299,000 | 736 | 38.3% |
| 195 FRANKLYN RD | 2025-05 | $205,000 | 672 | 72.0% |
| 183 FRANKLYN RD | 2025-08 | $287,000 | 936 | 49.4% |
| 901 PARKWAY AVE | 2025-10 | $275,000 | 934 | 54.8% |
| 106 SUMMIT AVE | 2025-01 | $229,000 | 796 | 56.9% |
| 22 LORING AVE | 2026-05 | $239,000 | 750 | 53.1% |
| 1625 FIFTH ST | 2025-07 | $152,500 | 976 | 68.7% |
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