The Fair Share Report
2 Arrowhead Rd
Readington, NJ 08889
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 $254,970 – $710,447, from 12 comparable Readington 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 Readington assessments sit below market value — republished every October, applied town-wide. A $611,219 home should be assessed near $424,369.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,131 above what the ratio math suggests (1.7%).
Step 4 · The tax rate — same for every Readington home
$1.708 Schools · 61% $0.506 County · 18% $0.584 Town · 21%
This home's own bill implies $2.740 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Readington sale · assessed ÷ market
48%175%
Paying about right
This home's ratio lands inside Readington'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 |
|---|---|---|---|---|
| 54 JUNCO CT | 2026-05 | $235,000 | 1,968 | 70.1% |
| 364 BURDOCK CT | 2026-01 | $290,364 | 1,968 | 55.9% |
| 72 JUNCO CT | 2025-06 | $294,000 | 1,968 | 56.0% |
| 77 JUNCO CT | 2025-03 | $330,000 | 1,968 | 53.7% |
| 4 HONEYMAN RD NORTH | 2025-01 | $745,000 | 1,883 | 61.9% |
| 2 VAN PELT DR | 2025-06 | $725,000 | 2,018 | 63.9% |
| 6 SCHAMP CIR | 2025-01 | $740,000 | 1,964 | 54.8% |
| 1305 SOUTH BRANCH DR | 2026-05 | $608,000 | 1,952 | 59.8% |
| 2004 SOUTH BRANCH DR | 2026-04 | $615,000 | 1,952 | 59.0% |
| 905 SOUTH BRANCH DR | 2025-09 | $577,000 | 1,952 | 69.5% |
| 507 WELL SWEEP RD | 2025-06 | $628,000 | 1,952 | 58.1% |
| 604 SOUTH BRANCH DR | 2025-01 | $547,000 | 1,952 | 64.2% |
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