The Fair Share Report
2 Stuart 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $903,029 – $1,114,479, from 12 comparable Washington sales in the past 18 months, at this home's 4,016 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $1,004,891 home should be assessed near $691,465.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $119,265 below what the ratio math suggests (17.2%).
Step 4 · The tax rate — same for every Washington home
$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%
Step 5 · The bill
This home vs. every recent Washington sale · assessed ÷ market
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 8 GENTRY DR | 2025-05 | $910,000 | 4,047 | 65.4% |
| 32 NANCY TER | 2026-04 | $800,000 | 3,754 | 76.8% |
| 478 NAUGHRIGHT RD | 2025-01 | $845,000 | 4,147 | 71.6% |
| 1 ELAINE CT | 2025-10 | $1,150,000 | 4,144 | 68.2% |
| 23 YORKSHIRE DR | 2025-04 | $885,000 | 3,654 | 62.7% |
| 50 MARKHAM DR | 2025-06 | $846,000 | 3,381 | 61.5% |
| 2 GINGER LN | 2025-02 | $1,060,000 | 4,138 | 67.1% |
| 44 WELLINGTON DR | 2025-03 | $1,150,000 | 4,116 | 54.0% |
| 11 HIGHLAND AVE | 2026-05 | $1,169,000 | 3,286 | 57.4% |
| 10 TURTLEBACK RD | 2026-06 | $999,000 | 3,617 | 54.8% |
| 36 ASCOT DR | 2025-10 | $961,000 | 4,084 | 70.4% |
| 16 THOMAS FARM LN | 2025-02 | $829,000 | 3,421 | 77.3% |
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