The Fair Share Report
163 E Dr
Watchung, NJ 07069
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 $748,245 – $1,091,164, from 12 comparable Watchung 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 Watchung assessments sit below market value — republished every October, applied town-wide. A $1,014,642 home should be assessed near $975,680.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $113,980 below what the ratio math suggests (11.7%).
Step 4 · The tax rate — same for every Watchung home
$1.011 Schools · 52% $0.336 County · 17% $0.604 Town · 31%
This home's own bill implies $1.842 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Watchung sale · assessed ÷ market
74%121%
Paying about right
This home's ratio lands inside Watchung'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 |
|---|---|---|---|---|
| 127 HIGH TOR DRIVE | 2026-06 | $999,999 | 2,766 | 86.8% |
| 35 SEQUOIA DRIVE | 2026-06 | $915,000 | 2,638 | 106.8% |
| 170 ANDERSON ROAD | 2026-06 | $825,000 | 2,965 | 85.4% |
| 170 ANDERSON ROAD | 2026-06 | $690,000 | 2,965 | 102.1% |
| 601 PHILLIP LANE | 2025-03 | $985,000 | 2,620 | 95.7% |
| 60 GLEN EAGLES DRIVE | 2025-01 | $930,000 | 2,626 | 100.7% |
| 1152 JOHNSTON DRIVE | 2026-01 | $1,040,000 | 3,570 | 97.6% |
| 302 TIFFANY WAY | 2026-03 | $1,199,000 | 2,779 | 96.7% |
| 163 JOHNSTON DRIVE | 2025-02 | $801,000 | 2,404 | 99.3% |
| 85 WILL LANE | 2025-05 | $1,600,000 | 4,153 | 95.0% |
| 221 OLD SOMERSET ROAD | 2026-01 | $950,000 | 2,140 | 86.0% |
| 4 SPENCER LANE | 2026-02 | $670,000 | 2,694 | 112.2% |
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