The Fair Share Report
2 Owl Ct
Readington, NJ 08050
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 $317,439 – $451,309, from 12 comparable Readington sales in the past 18 months, at this home's 1,096 sq ft.
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 $350,000 home should be assessed near $243,005.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,005 below what the ratio math suggests (25.5%).
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
35%85%
Keep quiet and enjoy it
This home's assessment ratio sits below the Readington pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 133 MOCKINGBIRD CT | 2025-10 | $350,000 | 1,096 | 50.9% |
| 365 BURDOCK CT | 2025-10 | $359,000 | 1,096 | 49.6% |
| 321 SPARROW CT | 2025-10 | $340,806 | 1,096 | 52.3% |
| 5 CLOVER CT | 2025-12 | $442,250 | 1,074 | 65.2% |
| 287 MORNING GLORY CT | 2025-10 | $449,900 | 1,074 | 59.6% |
| 63 PHLOX CT | 2025-08 | $480,000 | 1,074 | 52.6% |
| 224 LOBELIA CT | 2026-06 | $475,000 | 1,130 | 57.9% |
| 114 BLUE FLAG CT | 2025-01 | $400,000 | 1,130 | 64.2% |
| 200 MILKWEED CT | 2025-11 | $285,000 | 984 | 56.9% |
| 380 BURDOCK CT | 2025-10 | $290,000 | 984 | 56.8% |
| 288 KINGBIRD CT | 2025-09 | $290,000 | 984 | 55.9% |
| 153 MOCKINGBIRD CT | 2025-06 | $280,000 | 984 | 57.9% |
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