The Fair Share Report

1632 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

≈ $289,045

Likely range $228,123 – $310,800, 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 $289,045 home should be assessed near $182,676.

Step 3 · Assessed value

$137,200

Set at the last town-wide revaluation and mostly frozen since. That's $45,476 below what the ratio math suggests (24.9%).

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

$5,558/yr
Public schools$2,881
Mercer County$1,227
Town of Ewing$1,450
Ewing average$8,367

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

Town median 55.0%
This home · 47.5%

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)

AddressSoldPriceSq ftRatio
1635 NINTH ST2026-01$285,0001,16048.9%
306 BERWYN AVE2026-02$239,0001,53641.5%
270 HOMECREST AVE2025-04$160,0001,22770.9%
48 HOMESTEAD AVE2026-02$270,0001,05474.6%
165 HOMECREST AVE2025-02$282,0001,12543.2%
21 CLOVER AVE2025-11$172,0001,20068.6%
1625 SIXTH ST2025-10$250,0001,21547.4%
33 PENNWOOD DR2025-07$385,0001,17841.9%
429 GREENWAY AVE2025-07$347,5001,26645.4%
1 SUSSEX ST2025-01$300,0001,22268.7%
44 LANNING ST2025-12$326,0001,22255.1%
2305 COLUMBIA AVE2025-11$270,0001,12043.7%

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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 →