The Fair Share Report
187 Devon Rd
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 $977,001 – $1,372,370, 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 $1,269,095 home should be assessed near $804,226.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $317,874 above what the ratio math suggests (39.5%).
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 $1.811 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
76%120%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (72.88%) — roughly $9,085/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 614 MOUNTAIN AVE | 2026-03 | $910,000 | 2,596 | 89.9% |
| 65 EDGEWOOD DR | 2026-04 | $1,325,000 | 3,010 | 84.8% |
| 440 COLONIAL BLVD | 2025-05 | $1,400,000 | 2,978 | 81.3% |
| 295 MOUNTAIN AVE | 2025-03 | $750,000 | 2,026 | 100.9% |
| 580 HOOVER AVE | 2025-02 | $760,000 | 2,000 | 97.5% |
| 89 ANDREA LN | 2025-01 | $975,000 | 2,792 | 116.7% |
| 19 VIOLA TERR | 2025-02 | $920,000 | 2,633 | 105.5% |
| 692 PINE LAKE DR | 2026-04 | $926,000 | 1,914 | 85.9% |
| 244 DEVON RD | 2026-01 | $860,000 | 1,812 | 89.5% |
| 412 COOLIDGE AVE | 2026-01 | $820,000 | 1,825 | 93.7% |
| 460 MAPLE AVE | 2026-03 | $850,000 | 1,717 | 83.0% |
| 311 WALNUT ST | 2025-03 | $536,000 | 1,744 | 100.6% |
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