The Fair Share Report

1630 Eighth St

Ewing, NJ 08638

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

≈ $265,000

Likely range $239,190 – $287,389, from 12 comparable Ewing sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

63.20%

The state's official measure of how far Ewing assessments sit below market value — republished every October, applied town-wide. A $265,000 home should be assessed near $167,480.

Step 3 · Assessed value

$118,400

Set at the last town-wide revaluation and mostly frozen since. That's $49,080 below what the ratio math suggests (29.3%).

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

$4.051 per $100 assessed

$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%

Step 5 · The bill

$4,796/yr
Public schools$2,486
Mercer County$1,058
Town of Ewing$1,251
Ewing average$8,367

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

Town median 55.0%
This home · 44.7%

36%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)

AddressSoldPriceSq ftRatio
335 SILVIA ST2026-04$265,0001,06848.6%
409 SILVIA ST2026-02$257,5001,06851.7%
495 SILVIA ST2025-08$255,0001,06850.5%
349 SILVIA ST2025-06$289,0001,06844.6%
459 SILVIA ST2025-05$275,0001,06846.8%
351 SILVIA ST2025-09$275,0001,09248.2%
319 SILVIA ST2025-07$290,0001,09245.7%
2305 COLUMBIA AVE2025-11$270,0001,12043.7%
860 LOWER FERRY RD #6-D2025-10$150,0001,26040.1%
42 RUNNING BROOK RD W2026-04$450,0001,14446.4%
860 LOWER FERRY RD #2-K2026-04$130,0001,27638.3%
860 LOWER FERRY RD #5-F2025-04$150,0001,27632.9%

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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 →