The Fair Share Report

3 E Mill Rd

Washington, NJ 07830

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

≈ $689,040

Likely range $627,222 – $726,000, from 12 comparable Washington sales in the past 18 months, at this home's 2,178 sq ft.

Step 2 · The Director's Ratio

68.81%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $689,040 home should be assessed near $474,128.

Step 3 · Assessed value

$275,700

Set at the last town-wide revaluation and mostly frozen since. That's $198,428 below what the ratio math suggests (41.9%).

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

$3.003 per $100 assessed

$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%

Step 5 · The bill

$8,279/yr
Public schools$5,906
Morris County$882
Town of Washington$1,491
Washington average$13,292

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

Town median 60.2%
This home · 40.0%

33%85%

Keep quiet and enjoy it

This home's assessment ratio sits below the Washington pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
149 FLOCKTOWN RD2026-06$815,0002,15346.6%
28 DOUGLAS DR2025-08$760,0002,28051.5%
62 FAWNRIDGE DR2025-12$585,0002,22458.6%
38 NESTLING WOOD DR2025-07$623,0002,05852.4%
2 CEDAR CT2025-10$696,0002,20050.0%
6 N MAPLE AVE2025-09$576,0001,79960.8%
31 SPRING LN2025-07$599,0002,08055.7%
6 POWDER MILL RD2025-05$725,0002,12450.5%
27 DOUGLAS DR2025-06$610,0002,22858.8%
12 FLINTLOCK DR2025-01$560,0002,28162.8%
60 PAULA DR2025-05$667,0002,05858.5%
50 FAWNRIDGE DR2025-09$647,0002,22454.0%

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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 →