The Fair Share Report
22 Independence Ct
Woolwich, NJ 08085
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 $335,490 – $387,331, from 12 comparable Woolwich 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 Woolwich assessments sit below market value — republished every October, applied town-wide. A $363,723 home should be assessed near $234,019.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,581 above what the ratio math suggests (18.6%).
Step 4 · The tax rate — same for every Woolwich home
$2.090 Schools · 62% $0.706 County · 21% $0.580 Town · 17%
Step 5 · The bill
This home vs. every recent Woolwich sale · assessed ÷ market
48%88%
A touch high — worth watching
This home's ratio sits above most of Woolwich, but doesn't clear NJ's legal appeal line (73.99%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1801 LEXINGTON MEWS | 2025-11 | $369,000 | 1,748 | 60.2% |
| 1805 LEXINGTON MEWS | 2025-08 | $360,000 | 1,748 | 64.4% |
| 508 LEXINGTON MEWS | 2026-06 | $340,000 | 1,748 | 61.1% |
| 504 LEXINGTON MEWS | 2025-03 | $375,000 | 1,792 | 56.2% |
| 1667 AUBURN RD | 2025-11 | $459,900 | 1,680 | 52.2% |
| 1406 LEXINGTON MEWS | 2025-11 | $389,900 | 1,748 | 64.3% |
| 1803 LEXINGTON MEWS | 2025-05 | $369,000 | 1,875 | 66.9% |
| 376 RUSSELL MILL RD | 2025-09 | $525,000 | 1,592 | 53.6% |
| 707 LEXINGTON MEWS | 2025-09 | $335,000 | 1,536 | 64.4% |
| 1403 LEXINGTON MEWS | 2025-09 | $335,000 | 1,536 | 61.5% |
| 1508 LEXINGTON MEWS | 2025-12 | $332,500 | 1,536 | 67.1% |
| 34 VIERECK RD | 2025-01 | $385,000 | 1,704 | 60.5% |
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