The Fair Share Report

2 Raspberry Ln

Washington, NJ 07853

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.

Step 1 · Market value

≈ $739,669

Likely range $667,254 – $778,149, from 12 comparable Washington sales in the past 18 months, at this home's 2,649 sq ft.

Step 2 · The Director's Ratio

68.81%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $739,669 home should be assessed near $508,966.

Step 3 · Assessed value

$537,400

Set at the last town-wide revaluation and mostly frozen since. That's $28,434 above what the ratio math suggests (5.6%).

Step 4 · The tax rate — same for every Washington home

$3.003 per $100 assessed

$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%

Step 5 · The bill

$16,138/yr
Public schools$11,513
Morris County$1,719
Town of Washington$2,906
Washington average$13,292

This home vs. every recent Washington sale · assessed ÷ market

Town median 60.2%
This home · 72.7%

46%86%

A touch high — worth watching

This home's ratio sits above most of Washington, but doesn't clear NJ's legal appeal line (79.13%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
30 WELSH FARM RD2026-01$851,0002,89764.7%
11 CANDOUR CT2025-08$775,0002,77460.6%
12 HERON DR2025-10$725,0002,40260.2%
2401 DECATUR CT2026-04$560,0002,19255.8%
66 KNOB HILL RD2025-05$650,0002,65656.4%
16 KNOB HILL RD2025-11$568,6002,56866.5%
91 SPRING LN2025-06$690,9862,61668.6%
1 KNOB HILL RD2026-02$700,0002,77958.2%
3 NORTHRIDGE CT2025-08$890,0003,03561.8%
10 HIGHLAND AVE FL2025-05$1,050,0002,91958.1%
31 WINAY TER2025-07$750,0002,68660.8%
34 JACKIE DR FL2025-05$750,0002,65964.3%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →