The Fair Share Report
24 Central Ave
Washington, NJ 08032
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 $399,535 – $503,629, 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 $438,090 home should be assessed near $260,269.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,569 below what the ratio math suggests (11.4%).
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
40%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 |
|---|---|---|---|---|
| 407 LINWOOD AVE | 2025-07 | $425,000 | 2,082 | 51.4% |
| 26 SHEFFIELD LN | 2025-11 | $410,000 | 2,018 | 50.3% |
| 5 PONY RUN | 2025-07 | $499,000 | 1,972 | 49.9% |
| 15 OXFORD DR | 2026-05 | $530,000 | 2,015 | 55.3% |
| 20 HYDRA LN | 2025-09 | $442,000 | 2,070 | 56.9% |
| 11 SUSSEX CT | 2025-03 | $475,000 | 1,937 | 50.1% |
| 26 CHURCHILL WAY | 2025-10 | $450,000 | 2,078 | 50.3% |
| 314 HILBERT DR | 2025-06 | $394,900 | 1,980 | 65.3% |
| 2 BATES CT | 2026-02 | $521,305 | 2,019 | 45.6% |
| 29 HYANNIS AVE | 2025-12 | $389,000 | 2,068 | 55.6% |
| 9 WHIPPLE WAY | 2026-03 | $475,750 | 2,070 | 58.3% |
| 1008 HANCOCK DR | 2026-02 | $385,000 | 1,928 | 62.2% |
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