The Fair Share Report

170 E Mill Rd

Washington, NJ 07853

The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.

This home's payments are about right

It sits inside Washington's normal range — market price changes haven't singled it out. No case for a tax appeal.

Step 1 · Market value

≈ $666,234

Likely range $643,539 – $762,397, from 12 comparable Washington sales in the past 18 months, at this home's 2,432 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 $666,234 home should be assessed near $458,436.

Step 3 · Assessed value

$399,000

Set at the last town-wide revaluation and mostly frozen since. That's $59,436 below what the ratio math suggests (13.0%).

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

$11,982/yr
Public schools$8,548
Morris County$1,276
Town of Washington$2,158
Washington average$13,292

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

Town median 60.2%
This home · 59.9%

46%85%

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
120 W VALLEY BROOK RD2025-01$670,0002,55660.2%
158 FAIRVIEW AVE2025-01$675,0002,46452.1%
3 BEAVER BROOK DR2026-05$850,0002,39055.3%
15 FLEMING CT2026-03$757,0002,54562.8%
199 W SPRINGTOWN RD2025-10$837,5002,59451.4%
18 E VALLEY BROOK RD2025-07$605,0002,76758.2%
6 BEAVER BROOK DR2025-01$670,0002,53270.8%
3 STONY BROOK RD2025-08$805,0002,49060.0%
47 MARKHAM DR2025-10$720,0002,53664.0%
241 MISSION RD2025-11$532,5002,20057.2%
169 NAUGHRIGHT RD2025-06$795,0002,53652.3%
65 WEHRLI RD2026-03$835,0002,81056.6%

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