The Fair Share Report

168 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

≈ $459,016

Likely range $401,606 – $504,973, from 12 comparable Washington sales in the past 18 months, at this home's 1,200 sq ft.

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 $459,016 home should be assessed near $315,849.

Step 3 · Assessed value

$245,100

Set at the last town-wide revaluation and mostly frozen since. That's $70,749 below what the ratio math suggests (22.4%).

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

$7,360/yr
Public schools$5,251
Morris County$784
Town of Washington$1,326
Washington average$13,292

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

Town median 60.2%
This home · 53.4%

43%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
123 E SPRINGTOWN RD2025-10$545,0001,23647.0%
211 PICKLE RD2026-03$550,0001,30778.2%
76 N MT LEBANON RD2025-11$250,0001,04691.9%
8 LOWER SUNSET TER2025-06$560,0001,46451.5%
2 VALLEY VIEW RD2025-05$500,0001,49451.4%
15 KIM LN2025-02$550,0001,55156.3%
21 OVERLOOK DR2025-05$640,0001,66851.8%
35 OLD TURNPIKE RD2025-07$620,0001,41459.3%
153 PARKER RD2026-06$530,0001,17642.7%
57 MOUNTAIN VIEW AVE2026-06$665,0001,67052.3%
76 PICKLE RD FL2025-01$450,0001,12064.8%
16 S WASHINGTON VALLEY RD2025-10$660,0001,90048.6%

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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 →