The Fair Share Report

15 E Maple Ave

Washington, NJ 07853

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

≈ $747,978

Likely range $704,420 – $799,005, from 12 comparable Washington sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

68.81%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $747,978 home should be assessed near $514,684.

Step 3 · Assessed value

$412,200

Set at the last town-wide revaluation and mostly frozen since. That's $102,484 below what the ratio math suggests (19.9%).

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

$3.003 per $100 assessed

$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%

Step 5 · The bill

$12,378/yr
Public schools$8,831
Morris County$1,319
Town of Washington$2,229
Washington average$13,292

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

Town median 60.2%
This home · 55.1%

46%85%

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)

AddressSoldPriceSq ftRatio
18 FALCON LN2025-10$785,0002,55059.4%
44 FLINTLOCK DR2025-04$880,0002,60746.9%
32 WINAY TER2026-05$850,0002,49253.9%
159 KINGS HWY2025-08$600,0002,27052.5%
9 SHADETREE PL2026-01$690,0002,28254.9%
4 ROSALYN DR2025-02$640,0002,32063.3%
3 GREEN HILLS RD2025-10$735,0002,59463.5%
1 DORSET RD2025-01$755,0002,68066.2%
51 WINAY TER2026-06$785,0002,61860.1%
2 APGAR RD2025-07$669,0002,52662.5%
31 WINAY TER2025-07$750,0002,68660.8%
11 FOREST VIEW DR2025-07$523,7502,46869.0%

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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 →