The Fair Share Report
25 Devore Rd
Readington, NJ 08822
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 $318,256 – $772,258, from 12 comparable Readington 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 Readington assessments sit below market value — republished every October, applied town-wide. A $735,136 home should be assessed near $510,405.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,795 above what the ratio math suggests (4.9%).
Step 4 · The tax rate — same for every Readington home
$1.708 Schools · 61% $0.506 County · 18% $0.584 Town · 21%
This home's own bill implies $2.705 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Readington sale · assessed ÷ market
48%174%
A touch high — worth watching
This home's ratio sits above most of Readington, but doesn't clear NJ's legal appeal line (79.84%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 18 SHURTS RD | 2025-04 | $780,000 | 2,667 | 64.3% |
| 247 SUMMER RD | 2025-12 | $745,000 | 2,568 | 57.1% |
| 262 KINGBIRD CT | 2025-10 | $346,500 | 2,192 | 52.2% |
| 251 NUTHATCH CT | 2025-08 | $319,900 | 2,192 | 55.7% |
| 167 MILKWEED CT | 2025-06 | $349,000 | 2,192 | 51.1% |
| 349 BURDOCK CT | 2025-05 | $307,000 | 2,192 | 59.0% |
| 110 HUCKLEBERRY CT | 2025-04 | $327,500 | 2,192 | 54.4% |
| 333 PHOEBE CT | 2025-03 | $380,000 | 2,192 | 46.9% |
| 534 OLD YORK RD | 2026-06 | $995,000 | 2,726 | 62.3% |
| 14 CHAMBERLAIN RD | 2025-12 | $825,000 | 2,733 | 65.8% |
| 24 PARTRIDGE RD | 2026-04 | $950,000 | 3,167 | 61.9% |
| 5 FIELDSTONE WAY | 2025-06 | $910,000 | 2,854 | 65.2% |
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