The Fair Share Report
31 Ray St
Ewing, NJ 08638
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 $348,378 – $431,432, from 12 comparable Ewing 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 Ewing assessments sit below market value — republished every October, applied town-wide. A $386,214 home should be assessed near $244,087.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,187 below what the ratio math suggests (27.1%).
Step 4 · The tax rate — same for every Ewing home
$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%
Step 5 · The bill
This home vs. every recent Ewing sale · assessed ÷ market
36%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 107 SUMMIT AVE | 2025-02 | $420,000 | 1,344 | 55.5% |
| 10 GLEN MAWR DR | 2025-11 | $425,000 | 1,457 | 55.4% |
| 1700 FIFTH ST | 2025-05 | $260,000 | 1,281 | 52.0% |
| 768 PARKWAY AVE | 2026-05 | $335,000 | 1,536 | 39.3% |
| 7 PERSHING AVE | 2025-12 | $404,000 | 1,379 | 66.8% |
| 123 BUTTONWOOD DR | 2025-04 | $370,000 | 1,392 | 49.8% |
| 19 HARDWICK DR | 2025-11 | $395,000 | 1,442 | 55.2% |
| 535 LAFAYETTE AVE | 2025-02 | $395,000 | 1,508 | 50.2% |
| 991 TERRACE BLVD | 2026-02 | $375,000 | 1,536 | 48.9% |
| 644 CONCORD CIR | 2025-12 | $425,000 | 1,503 | 49.5% |
| 40 HARDWICK DR | 2025-02 | $399,000 | 1,438 | 51.3% |
| 3 WALLACE AVE | 2025-12 | $325,000 | 1,581 | 53.3% |
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