The Fair Share Report
32 Farrell Ave
Ewing, NJ 08618
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.
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Step 1 · Market value
Likely range $222,832 – $330,000, from 12 comparable Ewing sales in the past 18 months, at this home's 1,116 sq ft.
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 $301,193 home should be assessed near $190,354.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,154 below what the ratio math suggests (26.9%).
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
37%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 |
|---|---|---|---|---|
| 27 WALTON AVE | 2026-01 | $240,000 | 1,116 | 59.7% |
| 115 STRATFORD AVE | 2026-01 | $295,000 | 1,116 | 51.3% |
| 1063 TERRACE BLVD | 2025-06 | $330,000 | 1,116 | 50.0% |
| 16 SHELBURNE DR | 2025-04 | $180,000 | 1,118 | 88.0% |
| 1075 FIRESIDE AVE | 2025-08 | $320,000 | 1,116 | 74.6% |
| 13 DECOU AVE | 2026-05 | $320,000 | 1,116 | 54.4% |
| 24 GLEN STEWART DR | 2026-04 | $290,000 | 1,120 | 64.9% |
| 15 KILMER DR | 2025-10 | $351,000 | 1,166 | 53.7% |
| 21 DECOU AVE | 2025-12 | $420,000 | 1,116 | 44.6% |
| 32 SHERBROOKE RD | 2025-07 | $430,000 | 1,166 | 46.4% |
| 9 WESTON RD | 2026-05 | $382,000 | 1,152 | 37.3% |
| 6 IOWANA AVE | 2025-05 | $285,000 | 1,056 | 52.9% |
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