The Fair Share Report
2 Willocks Ct
Readington, NJ 08889
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 $245,122 – $724,511, 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 $566,318 home should be assessed near $393,195.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,695 below what the ratio math suggests (10.1%).
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
43%150%
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 |
|---|---|---|---|---|
| 3 STILLWELL RD | 2025-11 | $750,000 | 1,736 | 58.1% |
| 6 SCHAMP CIR | 2025-01 | $740,000 | 1,964 | 54.8% |
| 54 JUNCO CT | 2026-05 | $235,000 | 1,968 | 70.1% |
| 364 BURDOCK CT | 2026-01 | $290,364 | 1,968 | 55.9% |
| 72 JUNCO CT | 2025-06 | $294,000 | 1,968 | 56.0% |
| 77 JUNCO CT | 2025-03 | $330,000 | 1,968 | 53.7% |
| 31 CASPAR BERGER RD | 2025-08 | $757,000 | 1,784 | 56.8% |
| 253 LAUREL CT | 2025-09 | $530,000 | 1,722 | 65.1% |
| 85 VIOLET CT | 2025-08 | $502,000 | 1,722 | 67.1% |
| 21 DAISY CT | 2025-07 | $550,000 | 1,722 | 61.4% |
| 44 MYRTLE CT | 2025-01 | $477,500 | 1,722 | 70.7% |
| 10 CHAMBERS BROOK RD | 2025-03 | $670,000 | 1,708 | 60.3% |
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