The Fair Share Report
2 Hyde Rd
Readington, NJ 08822
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 $933,058 – $1,109,338, 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 $1,046,977 home should be assessed near $726,916.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,716 below what the ratio math suggests (2.3%).
Step 4 · The tax rate — same for every Readington home
$1.708 Schools · 61% $0.506 County · 18% $0.584 Town · 21%
Step 5 · The bill
This home vs. every recent Readington sale · assessed ÷ market
48%85%
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 |
|---|---|---|---|---|
| 29 CLEARVIEW RD | 2025-08 | $1,322,997 | 3,541 | 57.5% |
| 5 COVENHOVEN RD | 2025-03 | $976,000 | 3,442 | 65.1% |
| 3 CREEK RD | 2025-07 | $950,000 | 3,686 | 67.5% |
| 14 MONFORT LN | 2025-03 | $999,999 | 3,202 | 62.8% |
| 17 ISAAC GRAHAM RD | 2025-07 | $1,200,000 | 4,102 | 58.6% |
| 18 BRIER RD | 2025-09 | $928,500 | 3,484 | 80.0% |
| 111 HONEYMAN RD | 2026-03 | $1,025,000 | 4,334 | 66.6% |
| 7 NEWELL RD | 2026-06 | $1,208,000 | 4,263 | 58.4% |
| 18 FLINTLOCK RD | 2025-12 | $950,000 | 4,213 | 75.2% |
| 107 HONEYMAN RD | 2026-06 | $900,000 | 3,532 | 72.4% |
| 21 PARTRIDGE RD | 2025-08 | $995,000 | 3,736 | 67.7% |
| 95 PLEASANT RUN RD | 2026-06 | $780,000 | 3,459 | 78.3% |
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