The Fair Share Report
175 Walnut St
Washington, NJ 07676
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $613,314 – $855,153, 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 $685,451 home should be assessed near $434,370.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $188,530 above what the ratio math suggests (43.4%).
Step 4 · The tax rate — same for every Washington home
$1.780 Schools · 62% $0.343 County · 12% $0.735 Town · 26%
This home's own bill implies $1.727 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Washington sale · assessed ÷ market
67%107%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 836 MANHATTAN AVE | 2024-12 | $655,000 | 1,491 | 97.1% |
| 286 RIDGEWOOD BLVD N | 2026-04 | $650,000 | 1,347 | 100.3% |
| 243 DEVON RD | 2026-03 | $715,000 | 1,476 | 101.5% |
| 573 WILLOW ST | 2026-01 | $855,000 | 1,348 | 78.6% |
| 103 HICKORY ST | 2026-02 | $750,000 | 1,270 | 83.8% |
| 347 FERN ST | 2025-04 | $651,015 | 1,344 | 80.1% |
| 638 WASHINGTON AVE | 2026-03 | $540,000 | 1,542 | 83.1% |
| 460 RIDGEWOOD RD | 2025-04 | $621,000 | 1,624 | 101.4% |
| 630 VALLEY CT | 2026-03 | $785,000 | 1,610 | 96.3% |
| 398 FERN ST | 2026-05 | $737,000 | 1,682 | 90.2% |
| 576 CYPRESS ST | 2025-06 | $785,000 | 1,297 | 86.0% |
| 384 MOUNTAIN AVE | 2026-01 | $775,000 | 1,225 | 82.0% |
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