The Fair Share Report

166 E Mill Rd

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

≈ $849,826

Likely range $744,202 – $904,421, 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 $849,826 home should be assessed near $584,765.

Step 3 · Assessed value

$482,000

Set at the last town-wide revaluation and mostly frozen since. That's $102,765 below what the ratio math suggests (17.6%).

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

$14,474/yr
Public schools$10,326
Morris County$1,542
Town of Washington$2,607
Washington average$13,292

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

Town median 60.2%
This home · 56.7%

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
23 BLACKBERRY PL2025-09$879,0003,04559.0%
7 LEXINGTON WAY2025-07$877,0003,01863.8%
3 NORTHRIDGE CT2025-08$890,0003,03561.8%
8 AMHERST DR2025-01$737,5003,12680.9%
25 SHADOW HILL WAY2025-07$975,0003,74065.2%
77 KIM LN2025-03$950,0003,45268.3%
39 SQUIRE HILL RD2026-06$880,0003,05458.5%
87 KIM LN2025-02$910,0003,70970.6%
21 DORSET RD2025-08$775,0003,15656.1%
26 GLEN RIDGE DR2025-10$900,0003,13860.2%
7 ASPEN PL2025-04$740,0003,05166.0%
23 SETTING SUN DR2025-06$860,0003,50465.9%

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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 →