The Fair Share Report
223 Pine St
Washington, NJ 08012
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 $281,209 – $406,402, from 12 comparable Washington 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 Washington assessments sit below market value — republished every October, applied town-wide. A $392,300 home should be assessed near $233,065.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,965 below what the ratio math suggests (27.9%).
Step 4 · The tax rate — same for every Washington home
$2.183 Schools · 60% $0.691 County · 19% $0.790 Town · 22%
Step 5 · The bill
This home vs. every recent Washington sale · assessed ÷ market
36%74%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 41 HYANNIS AVE | 2026-01 | $375,000 | 1,396 | 53.6% |
| 35 FORREST DR | 2025-08 | $410,000 | 1,450 | 47.8% |
| 19 MILLER DR | 2025-09 | $396,576 | 1,484 | 49.4% |
| 7 CORONA CT | 2025-05 | $300,000 | 1,508 | 41.2% |
| 46 LUPUS LN | 2026-04 | $320,000 | 1,510 | 58.3% |
| 19 MARINER DR | 2025-12 | $375,000 | 1,398 | 47.9% |
| 1 CORVAS CT | 2026-04 | $335,000 | 1,508 | 41.9% |
| 43 PTOLEMY CT | 2025-06 | $302,000 | 1,508 | 41.1% |
| 15 CORVAS CT | 2025-04 | $295,000 | 1,508 | 44.2% |
| 2 ARCTURUS DR | 2026-05 | $375,000 | 1,360 | 47.1% |
| 1015 MERRYMOUNT S | 2025-08 | $295,000 | 1,496 | 74.2% |
| 102 FORREST DR | 2026-01 | $422,000 | 1,592 | 45.9% |
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