The Fair Share Report
3 Mango Ct
Washington, NJ 08081
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 $378,298 – $499,708, from 12 comparable Washington 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 Washington assessments sit below market value — republished every October, applied town-wide. A $452,177 home should be assessed near $268,638.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $61,038 below what the ratio math suggests (22.7%).
Step 4 · The tax rate — same for every Washington home
$2.183 Schools · 60% $0.691 County · 19% $0.790 Town · 22%
Step 5 · The bill
This home vs. every recent Washington sale · assessed ÷ market
36%74%
Paying about right
This home's ratio lands inside Washington'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 |
|---|---|---|---|---|
| 31 BENTLY DR | 2025-07 | $455,000 | 1,931 | 51.2% |
| 8 ALTAIR CT | 2025-01 | $325,000 | 1,912 | 63.0% |
| 117 SHIRE DR | 2026-02 | $515,000 | 1,942 | 51.0% |
| 11 SUSSEX CT | 2025-03 | $475,000 | 1,937 | 50.1% |
| 3 SCHNEIDER CT | 2025-08 | $473,000 | 1,964 | 44.9% |
| 1 HICKORY CIR | 2025-04 | $378,000 | 1,968 | 61.9% |
| 3 DRAKE TER | 2025-12 | $537,500 | 1,968 | 49.1% |
| 165 GOLFVIEW DR | 2026-05 | $430,000 | 1,842 | 46.8% |
| 157 GOLFVIEW DR | 2025-09 | $470,000 | 1,842 | 48.1% |
| 24 CASTOR CT | 2025-06 | $425,000 | 1,918 | 51.5% |
| 121 BOUND BROOK CT | 2026-03 | $470,000 | 1,842 | 50.6% |
| 4 HYDRA LN | 2025-04 | $430,000 | 1,971 | 60.6% |
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