The Fair Share Report

231 E Mill Rd

Washington, NJ 07853

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.

Step 1 · Market value

≈ $822,710

Likely range $757,058 – $926,881, from 12 comparable Washington sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

68.81%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $822,710 home should be assessed near $566,107.

Step 3 · Assessed value

$452,600

Set at the last town-wide revaluation and mostly frozen since. That's $113,507 below what the ratio math suggests (20.1%).

Step 4 · The tax rate — same for every Washington home

$3.003 per $100 assessed

$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%

Step 5 · The bill

$13,592/yr
Public schools$9,696
Morris County$1,448
Town of Washington$2,448
Washington average$13,292

This home vs. every recent Washington sale · assessed ÷ market

Town median 60.2%
This home · 55.0%

43%85%

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)

AddressSoldPriceSq ftRatio
60 ZELLERS RD2025-04$830,0002,74761.9%
11 E GATE RD2025-10$960,0002,80451.2%
65 WEHRLI RD2026-03$835,0002,81056.6%
39 SQUIRE HILL RD2026-06$880,0003,05458.5%
91 SPRING LN2025-06$690,9862,61668.6%
26 GLEN RIDGE DR2025-10$900,0003,13860.2%
47 MARKHAM DR2025-10$720,0002,53664.0%
3 STONY BROOK RD2025-08$805,0002,49060.0%
6 BEAVER BROOK DR2025-01$670,0002,53270.8%
11 HIGHLAND AVE2026-05$1,169,0003,28657.4%
143 BEACON HILL RD2026-01$699,0002,58362.2%
18 E VALLEY BROOK RD2025-07$605,0002,76758.2%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →