The Fair Share Report
317 Johnson Rd
Washington, NJ 08028
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 $484,504 – $535,294, 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 $512,848 home should be assessed near $304,683.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,217 above what the ratio math suggests (3.4%).
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
40%74%
A touch high — worth watching
This home's ratio sits above most of Washington, but doesn't clear NJ's legal appeal line (68.32%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 114 SALINA RD | 2025-08 | $550,000 | 2,514 | 33.1% |
| 1724 LEE CT | 2026-03 | $455,000 | 2,504 | 54.3% |
| 14 RIGEL CT | 2025-04 | $515,000 | 2,704 | 56.5% |
| 743 MOHAWK ST | 2026-01 | $460,750 | 2,305 | 45.5% |
| 743 MOHAWK ST | 2025-04 | $449,000 | 2,305 | 46.7% |
| 118 GOLFVIEW DR | 2025-06 | $475,000 | 2,372 | 58.7% |
| 3 QUAY CIR | 2026-02 | $467,000 | 2,488 | 51.4% |
| 36 NORWICH DR | 2025-10 | $484,000 | 2,372 | 54.6% |
| 140 SHIRE DR | 2025-01 | $540,000 | 2,724 | 55.4% |
| 49 LONG BOW DR | 2025-06 | $535,000 | 2,572 | 53.6% |
| 12 PALMER CT | 2025-11 | $525,000 | 2,372 | 55.0% |
| 6 PALMER CT | 2025-08 | $557,000 | 2,372 | 49.8% |
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