The Fair Share Report

2 Ryan Ct

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

≈ $985,231

Likely range $909,084 – $1,124,993, from 12 comparable Washington sales in the past 18 months (home size estimated from assessor data — range widened).

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 $985,231 home should be assessed near $677,937.

Step 3 · Assessed value

$694,600

Set at the last town-wide revaluation and mostly frozen since. That's $16,663 above what the ratio math suggests (2.5%).

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

$20,859/yr
Public schools$14,880
Morris County$2,222
Town of Washington$3,757
Washington average$13,292

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

Town median 60.2%
This home · 70.5%

46%85%

Paying about right

This home's ratio lands inside Washington's normal band. The drift hasn't singled it out — no case for a tax appeal.

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

AddressSoldPriceSq ftRatio
11 RICE LN FL2026-03$965,0003,81671.6%
3 SHANNON MTN LN2025-06$960,0004,07072.5%
36 ASCOT DR2025-10$961,0004,08470.4%
36 W SPRINGTOWN RD2026-03$1,500,0003,94450.7%
27 E FOX HILL RD2025-07$975,0003,46468.3%
136 FLOCKTOWN RD FL2025-11$1,200,0003,78469.8%
2 GINGER LN2025-02$1,060,0004,13867.1%
19 WELLINGTON DR2025-09$1,350,0004,39964.4%
11 BELROSE CT2025-10$975,0004,15870.8%
2 SAMANTHA LN2025-06$880,0003,44375.8%
65 KINGS HWY2025-10$835,0003,51180.7%
15 WOLFE RUN CT FL2025-07$1,300,6284,57856.5%

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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 →