The Fair Share Report
21 Devore Rd
Readington, NJ 08822
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Readington's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $801,669 – $921,603, 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 $859,111 home should be assessed near $596,481.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,981 below what the ratio math suggests (6.9%).
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
48%85%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 4 CHAMBERLAIN RD | 2025-12 | $865,000 | 2,704 | 68.7% |
| 4 SHURTS RD | 2026-04 | $826,000 | 2,664 | 58.6% |
| 15 WINDING WAY | 2025-07 | $700,000 | 2,800 | 74.9% |
| 14 CHAMBERLAIN RD | 2025-12 | $825,000 | 2,733 | 65.8% |
| 14 MONFORT LN | 2025-03 | $999,999 | 3,202 | 62.8% |
| 7 DELAMETER CT | 2025-02 | $965,000 | 2,896 | 60.2% |
| 14 CASPAR BERGER RD | 2025-10 | $920,000 | 3,150 | 68.4% |
| 16 WITHERSPOON ST | 2025-05 | $999,990 | 3,073 | 55.0% |
| 207 SCRABBLETOWN RD | 2025-08 | $760,000 | 2,688 | 65.3% |
| 531 LOCUST RD | 2025-06 | $590,000 | 2,766 | 80.1% |
| 3 HENDRICK RD | 2025-07 | $785,000 | 2,600 | 69.2% |
| 2 BLACKSMITH RD | 2025-10 | $800,000 | 2,504 | 69.8% |
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