The Fair Share Report

172 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

≈ $511,933

Likely range $441,251 – $619,313, 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 $511,933 home should be assessed near $352,261.

Step 3 · Assessed value

$289,900

Set at the last town-wide revaluation and mostly frozen since. That's $62,361 below what the ratio math suggests (17.7%).

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%

This home's own bill implies $2.917 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$8,456/yr
Public schools$6,032
Morris County$901
Town of Washington$1,523
Washington average$13,292

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

Town median 60.2%
This home · 56.6%

41%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
380 W MILL RD2026-04$450,0001,71068.4%
8 CAMP WASHINGTON RD FL2025-09$715,0001,58651.5%
165 FAIRVIEW AVE2025-02$786,0002,16051.2%
60 W SPRINGTOWN RD FL2026-05$692,0001,91256.3%
198A MISSION RD FL2025-11$608,0001,92451.4%
198A MISSION RD FL2025-09$608,0001,92451.4%
12 BLACK RIVER RD2025-01$861,3051,94063.4%
13 CHURCH RD FL2025-12$655,0002,08049.4%
6 N MAPLE AVE2025-09$576,0001,79960.8%
24 WEHRLI RD FL2026-04$600,0002,15878.8%
57 MOUNTAIN VIEW AVE2026-06$665,0001,67052.3%
105 HACKLEBARNEY RD FL2025-02$625,0002,15967.1%

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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 →