The Fair Share Report
24 Pershing Ave
Ewing, NJ 08618
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.
This home's payments are about right
It sits inside Ewing's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $149,359 – $434,481, from 12 comparable Ewing 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 Ewing assessments sit below market value — republished every October, applied town-wide. A $268,948 home should be assessed near $169,975.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,575 below what the ratio math suggests (0.9%).
Step 4 · The tax rate — same for every Ewing home
$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%
Step 5 · The bill
This home vs. every recent Ewing sale · assessed ÷ market
33%118%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 38 RUNNING BROOK RD W | 2025-12 | $565,000 | 1,362 | 40.7% |
| 42 RUNNING BROOK RD W | 2026-04 | $450,000 | 1,144 | 46.4% |
| 20 ROCKLAND RD | 2026-03 | $240,000 | 1,220 | 92.3% |
| 130 GOULD AVE | 2025-10 | $325,000 | 1,274 | 63.3% |
| 99 PENNWOOD DR | 2025-03 | $170,000 | 1,250 | 101.9% |
| 1003 TERRACE BLVD | 2025-01 | $242,000 | 1,212 | 79.6% |
| 860 LOWER FERRY RD #6-D | 2025-10 | $150,000 | 1,260 | 40.1% |
| 2200 COLUMBIA AVE | 2025-02 | $402,000 | 1,378 | 46.4% |
| 109 CARLTON AVE | 2025-02 | $305,000 | 1,166 | 51.7% |
| 860 LOWER FERRY RD #2-K | 2026-04 | $130,000 | 1,276 | 38.3% |
| 860 LOWER FERRY RD #5-F | 2025-04 | $150,000 | 1,276 | 32.9% |
| 16 BLUE GRASS DR | 2025-06 | $380,000 | 1,144 | 53.0% |
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