The Fair Share Report
32 Cape Cod Dr
Washington, NJ 08012
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 $320,829 – $413,679, from 12 comparable Washington sales in the past 18 months, at this home's 1,548 sq ft.
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 $341,514 home should be assessed near $202,893.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,507 above what the ratio math suggests (6.7%).
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
40%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 |
|---|---|---|---|---|
| 15 PEMBROOK DR | 2025-07 | $465,000 | 1,600 | 41.8% |
| 85 GOLFVIEW DR | 2026-05 | $351,000 | 1,591 | 60.6% |
| 7 CORONA CT | 2025-05 | $300,000 | 1,508 | 41.2% |
| 1778 CONGRESS DR | 2025-07 | $320,000 | 1,544 | 59.8% |
| 102 FORREST DR | 2026-01 | $422,000 | 1,592 | 45.9% |
| 46 LUPUS LN | 2026-04 | $320,000 | 1,510 | 58.3% |
| 203 CHATHAM RD | 2025-09 | $450,000 | 1,536 | 51.9% |
| 1 CORVAS CT | 2026-04 | $335,000 | 1,508 | 41.9% |
| 43 PTOLEMY CT | 2025-06 | $302,000 | 1,508 | 41.1% |
| 15 CORVAS CT | 2025-04 | $295,000 | 1,508 | 44.2% |
| 18 AURIGA LN | 2025-05 | $365,000 | 1,666 | 52.8% |
| 912 ACADIA DR | 2025-07 | $390,000 | 1,520 | 48.7% |
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