The Fair Share Report
340 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 $909,291 – $1,128,356, 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 $1,004,327 home should be assessed near $596,671.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $86,471 below what the ratio math suggests (14.5%).
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 |
|---|---|---|---|---|
| 5 ELK CT | 2025-10 | $1,200,000 | 4,638 | 57.9% |
| 22 TARA DR | 2025-07 | $949,900 | 4,274 | 56.4% |
| 2 ELK CT | 2025-05 | $900,000 | 3,670 | 55.3% |
| 13 DOE CT | 2025-08 | $999,999 | 5,211 | 66.1% |
| 43 JOSEPH DR | 2025-08 | $815,000 | 3,751 | 51.8% |
| 24 CLEARBROOK LN | 2025-02 | $715,000 | 4,062 | 60.6% |
| 8 ELK CT | 2026-01 | $830,000 | 3,290 | 53.7% |
| 261 WILSON RD | 2025-07 | $760,000 | 3,752 | 54.6% |
| 3 ARMITAGE CT | 2025-01 | $775,000 | 3,539 | 52.7% |
| 3 DOROTHY DR | 2025-10 | $875,000 | 3,513 | 52.5% |
| 4 WOOD LAKE CT | 2026-01 | $642,000 | 3,430 | 61.3% |
| 24 JOSEPH DR | 2025-05 | $801,000 | 3,315 | 59.8% |
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