The Fair Share Report
235 Devon Rd
Washington, NJ 07676
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
The numbers support an appeal
Even at the cautious end of the range, this home's ratio clears NJ's Chapter 123 line (72.88%) — roughly $8,760/yr at stake. NJ appeals are generally due April 1.
Step 1 · Market value
Likely range $648,410 – $741,489, from 12 comparable Washington sales in the past 18 months, at this home's 1,476 sq ft.
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 $715,000 home should be assessed near $453,096.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $306,505 above what the ratio math suggests (67.6%).
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 $1.567 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%123%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 243 DEVON RD | 2026-03 | $715,000 | 1,476 | 101.5% |
| 836 MANHATTAN AVE | 2024-12 | $655,000 | 1,491 | 97.1% |
| 573 WILLOW ST | 2026-01 | $855,000 | 1,348 | 78.6% |
| 630 VALLEY CT | 2026-03 | $785,000 | 1,610 | 96.3% |
| 460 RIDGEWOOD RD | 2025-04 | $621,000 | 1,624 | 101.4% |
| 460 MAPLE AVE | 2026-03 | $850,000 | 1,717 | 83.0% |
| 301 S CHESTNUT ST | 2026-02 | $850,000 | 1,692 | 86.0% |
| 494 MONROE AVE | 2026-06 | $805,000 | 1,558 | 94.9% |
| 398 FERN ST | 2026-05 | $737,000 | 1,682 | 90.2% |
| 311 WALNUT ST | 2025-03 | $536,000 | 1,744 | 100.6% |
| 576 CYPRESS ST | 2025-06 | $785,000 | 1,297 | 86.0% |
| 244 DEVON RD | 2026-01 | $860,000 | 1,812 | 89.5% |
Is this your house?
Run your own report →