The Fair Share Report

205 E Mill Rd

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

≈ $535,519

Likely range $468,541 – $562,500, from 12 comparable Washington sales in the past 18 months, at this home's 1,400 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 $535,519 home should be assessed near $368,491.

Step 3 · Assessed value

$270,300

Set at the last town-wide revaluation and mostly frozen since. That's $98,191 below what the ratio math suggests (26.6%).

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

$8,117/yr
Public schools$5,791
Morris County$865
Town of Washington$1,462
Washington average$13,292

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

Town median 60.2%
This home · 50.5%

43%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
35 OLD TURNPIKE RD2025-07$620,0001,41459.3%
211 PICKLE RD2026-03$550,0001,30778.2%
2 VALLEY VIEW RD2025-05$500,0001,49451.4%
57 MOUNTAIN VIEW AVE2026-06$665,0001,67052.3%
8 LOWER SUNSET TER2025-06$560,0001,46451.5%
9 WEHRLI RD2026-02$549,0001,90056.5%
76 PICKLE RD FL2025-01$450,0001,12064.8%
123 E SPRINGTOWN RD2025-10$545,0001,23647.0%
21 OVERLOOK DR2025-05$640,0001,66851.8%
10 W VALLEY BROOK RD2025-04$645,0001,72649.7%
9 MARLIENE RD2025-10$652,5001,62859.3%
15 KIM LN2025-02$550,0001,55156.3%

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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 →