The Fair Share Report
2197 Pennington Rd
Ewing, NJ 08628
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 $397,947 – $537,543, from 12 comparable Ewing 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 Ewing assessments sit below market value — republished every October, applied town-wide. A $476,694 home should be assessed near $301,271.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $68,729 above what the ratio math suggests (22.8%).
Step 4 · The tax rate — same for every Ewing home
$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%
Step 5 · The bill
This home vs. every recent Ewing sale · assessed ÷ market
39%98%
A touch high — worth watching
This home's ratio sits above most of Ewing, but doesn't clear NJ's legal appeal line (72.68%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1419 PENNINGTON RD | 2026-01 | $352,000 | 2,326 | 72.2% |
| 14 CENTRAL AVE E | 2025-07 | $385,000 | 2,538 | 60.9% |
| 722 RIVER RD | 2025-11 | $580,000 | 3,209 | 65.3% |
| 194 WOODLAND AVE | 2026-05 | $325,000 | 2,522 | 64.7% |
| 194 WOODLAND AVE | 2025-11 | $305,001 | 2,522 | 68.9% |
| 585 PARKWAY AVE | 2025-05 | $350,000 | 2,067 | 76.3% |
| 2 MATTATUCK LN | 2025-02 | $535,000 | 2,689 | 60.1% |
| 1218 LOWER FERRY RD | 2025-07 | $455,000 | 3,032 | 61.7% |
| 1148 RIVER RD | 2025-07 | $505,000 | 2,517 | 51.8% |
| 34 LOPATCONG DR | 2026-05 | $515,000 | 2,676 | 52.6% |
| 415 BEECHWOOD AVE | 2025-02 | $301,000 | 2,075 | 56.5% |
| 20 BERNARD DR | 2025-10 | $480,000 | 2,759 | 72.2% |
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