The Fair Share Report
1963 Pennington Rd
Ewing, NJ 08618
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 $426,916 – $622,172, 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 $544,134 home should be assessed near $343,893.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,893 below what the ratio math suggests (4.6%).
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
39%82%
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 |
|---|---|---|---|---|
| 1419 PENNINGTON RD | 2026-01 | $352,000 | 2,326 | 72.2% |
| 844 RIVER RD | 2025-02 | $489,000 | 1,843 | 59.9% |
| 2 BYWOOD LN | 2025-01 | $465,000 | 2,524 | 66.0% |
| 14 CENTRAL AVE E | 2025-07 | $385,000 | 2,538 | 60.9% |
| 20 DELAWARE AVE | 2026-01 | $545,000 | 2,378 | 54.6% |
| 4 OLD FORGE LN | 2026-02 | $559,000 | 2,453 | 58.8% |
| 63 CARLTON AVE | 2025-07 | $350,000 | 1,920 | 62.0% |
| 2264 PENNINGTON RD | 2025-09 | $470,000 | 2,316 | 75.2% |
| 19 WINDYBUSH WAY | 2025-03 | $585,000 | 2,634 | 60.7% |
| 980 BEAR TAVERN RD | 2026-03 | $596,000 | 2,378 | 49.3% |
| 12 CURRIER WAY | 2025-03 | $535,000 | 2,394 | 57.7% |
| 6 HICKORY HILL DR | 2025-10 | $454,818 | 2,526 | 60.4% |
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