The Fair Share Report
3 Arrowhead Rd
Readington, NJ 08889
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 $343,883 – $773,101, 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 $378,455 home should be assessed near $262,761.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $254,639 above what the ratio math suggests (96.9%).
Step 4 · The tax rate — same for every Readington home
$1.708 Schools · 61% $0.506 County · 18% $0.584 Town · 21%
Step 5 · The bill
This home vs. every recent Readington sale · assessed ÷ market
48%156%
Paying about right
This home's ratio lands inside Readington'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 |
|---|---|---|---|---|
| 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% |
| 9 HIGGINSVILLE RD | 2025-11 | $740,000 | 2,078 | 56.4% |
| 18 SHURTS RD | 2025-04 | $780,000 | 2,667 | 64.3% |
| 3 DALLEY ST | 2025-05 | $860,000 | 2,424 | 58.8% |
| 4 HICKORY LN | 2026-03 | $695,025 | 2,378 | 64.2% |
| 1 WITHERSPOON ST | 2025-10 | $750,000 | 2,370 | 60.5% |
| 54 JUNCO CT | 2026-05 | $235,000 | 1,968 | 70.1% |
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