The Fair Share Report

29 Central Ave E

Ewing, NJ 08618

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

≈ $384,124

Likely range $356,208 – $429,299, from 12 comparable Ewing sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

63.20%

The state's official measure of how far Ewing assessments sit below market value — republished every October, applied town-wide. A $384,124 home should be assessed near $242,766.

Step 3 · Assessed value

$213,200

Set at the last town-wide revaluation and mostly frozen since. That's $29,566 below what the ratio math suggests (12.2%).

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

$4.051 per $100 assessed

$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%

Step 5 · The bill

$8,637/yr
Public schools$4,477
Mercer County$1,906
Town of Ewing$2,254
Ewing average$8,367

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

Town median 55.0%
This home · 55.5%

39%78%

Paying about right

This home's ratio lands inside Ewing'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
325 CONCORD AVE2025-08$381,1741,68065.7%
1727 SIXTH ST2025-10$410,0001,64644.9%
605 CONCORD AVE2025-11$450,0001,73661.7%
37 VAN DUYN DR2026-03$410,0001,95151.2%
260 WEBER AVE2025-08$196,0001,61566.3%
2046 PENNINGTON RD2025-04$465,0001,93452.6%
30 UPPER FERRY RD2026-04$495,0001,61651.4%
438 EWINGVILLE RD2026-03$399,9991,72962.1%
77 WOODLAND AVE2025-10$349,9991,48253.4%
10 PERSHING AVE2025-07$311,6001,43064.9%
124 NEW HILLCREST AVE2026-05$369,0001,73138.0%
1740 PROSPECT ST2025-04$380,0001,68042.5%

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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 →