The Fair Share Report
17 Libra Ln
Washington, NJ 08029
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.
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Step 1 · Market value
Likely range $216,694 – $266,774, from 12 comparable Washington 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 Washington assessments sit below market value — republished every October, applied town-wide. A $247,523 home should be assessed near $147,053.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,453 below what the ratio math suggests (35.7%).
Step 4 · The tax rate — same for every Washington home
$2.183 Schools · 60% $0.691 County · 19% $0.790 Town · 22%
Step 5 · The bill
This home vs. every recent Washington sale · assessed ÷ market
30%74%
Keep quiet and enjoy it
This home's assessment ratio sits below the Washington pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 385 ALDEBERAN DR | 2026-05 | $270,000 | 967 | 40.8% |
| 729 SEDGEWICK CT | 2026-04 | $250,000 | 944 | 49.4% |
| 735 SEDGEWICK CT | 2025-12 | $247,000 | 944 | 49.5% |
| 639 YORKSHIRE CT | 2025-08 | $266,500 | 944 | 45.8% |
| 403 PADDOCK CT | 2025-06 | $237,000 | 944 | 52.8% |
| 663 YORKSHIRE CT | 2025-06 | $264,000 | 944 | 47.4% |
| 527 SHETLAND CT | 2025-02 | $239,000 | 944 | 52.3% |
| 390 ALDEBERAN DR | 2025-11 | $180,000 | 967 | 60.1% |
| 628 YORKSHIRE CT | 2026-02 | $277,500 | 960 | 44.4% |
| 348 SURREY CT | 2025-12 | $259,000 | 960 | 48.3% |
| 606 YORKSHIRE CT | 2025-07 | $274,900 | 960 | 45.5% |
| 706 SEDGEWICK CT | 2025-06 | $223,500 | 960 | 52.7% |
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