The Fair Share Report
338 Johnson Rd
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 $607,981 – $759,513, 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 $669,993 home should be assessed near $398,043.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $76,543 below what the ratio math suggests (19.2%).
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
37%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 |
|---|---|---|---|---|
| 7 DANBURY LN | 2025-12 | $690,900 | 2,860 | 51.1% |
| 39 NICHOLAS DR | 2025-05 | $652,000 | 2,913 | 55.6% |
| 5 TRAKENNER WALK | 2025-10 | $750,000 | 2,864 | 52.3% |
| 2 DANA DR | 2025-03 | $665,000 | 3,010 | 61.4% |
| 2 RICKLAND DR | 2025-11 | $775,000 | 2,792 | 47.1% |
| 38 MEADOWVIEW DR | 2025-02 | $710,000 | 2,994 | 53.4% |
| 9 KENNETH CT | 2026-05 | $821,000 | 2,801 | 47.0% |
| 16 ARMITAGE CT | 2025-08 | $550,000 | 3,000 | 65.4% |
| 48 RICKLAND DR | 2025-10 | $745,000 | 2,960 | 46.0% |
| 9 LAWRENCE LN | 2025-11 | $555,000 | 2,629 | 56.9% |
| 8 STONY BROOK CT | 2025-06 | $665,000 | 3,267 | 63.7% |
| 25 RICKLAND DR | 2025-10 | $729,000 | 2,772 | 42.3% |
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