The Fair Share Report
1715 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.
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Step 1 · Market value
Likely range $249,091 – $387,550, from 12 comparable Ewing 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 Ewing assessments sit below market value — republished every October, applied town-wide. A $353,613 home should be assessed near $223,483.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $56,183 below what the ratio math suggests (25.1%).
Step 4 · The tax rate — same for every Ewing home
$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%
Step 5 · The bill
This home vs. every recent Ewing sale · assessed ÷ market
38%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 221 HAZELHURST AVE | 2025-11 | $410,000 | 1,500 | 38.7% |
| 860 LOWER FERRY RD #2-K | 2026-04 | $130,000 | 1,276 | 38.3% |
| 860 LOWER FERRY RD #5-F | 2025-04 | $150,000 | 1,276 | 32.9% |
| 860 LOWER FERRY RD #6-D | 2025-10 | $150,000 | 1,260 | 40.1% |
| 813 LILY LN | 2025-05 | $360,000 | 1,432 | 50.1% |
| 35 ROSEDALE AVE | 2026-04 | $425,000 | 1,521 | 34.0% |
| 5 WHITE BEECH CT | 2025-07 | $435,000 | 1,396 | 53.0% |
| 208 HAZELHURST AVE | 2025-03 | $350,000 | 1,393 | 44.5% |
| 128 NANCY LN | 2025-08 | $450,000 | 1,404 | 46.2% |
| 6 HOLIDAY CT | 2026-01 | $390,000 | 1,502 | 46.2% |
| 56 HOLIDAY CT | 2026-01 | $370,000 | 1,447 | 49.4% |
| 56 HOLIDAY CT | 2025-09 | $276,200 | 1,447 | 66.2% |
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