The Fair Share Report
228 Devon Rd
Washington, NJ 07676
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 $695,223 – $798,321, 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 $761,280 home should be assessed near $482,423.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $281,677 above what the ratio math suggests (58.4%).
Step 4 · The tax rate — same for every Washington home
$1.780 Schools · 62% $0.343 County · 12% $0.735 Town · 26%
This home's own bill implies $1.638 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Washington sale · assessed ÷ market
76%115%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (72.88%) — roughly $8,050/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 630 VALLEY CT | 2026-03 | $785,000 | 1,610 | 96.3% |
| 665 CALVIN ST | 2026-02 | $750,000 | 1,652 | 89.4% |
| 460 RIDGEWOOD RD | 2025-04 | $621,000 | 1,624 | 101.4% |
| 460 MAPLE AVE | 2026-03 | $850,000 | 1,717 | 83.0% |
| 494 MONROE AVE | 2026-06 | $805,000 | 1,558 | 94.9% |
| 243 DEVON RD | 2026-03 | $715,000 | 1,476 | 101.5% |
| 301 S CHESTNUT ST | 2026-02 | $850,000 | 1,692 | 86.0% |
| 244 DEVON RD | 2026-01 | $860,000 | 1,812 | 89.5% |
| 398 FERN ST | 2026-05 | $737,000 | 1,682 | 90.2% |
| 311 WALNUT ST | 2025-03 | $536,000 | 1,744 | 100.6% |
| 692 PINE LAKE DR | 2026-04 | $926,000 | 1,914 | 85.9% |
| 412 COOLIDGE AVE | 2026-01 | $820,000 | 1,825 | 93.7% |
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