The Fair Share Report
348 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 $243,082 – $263,757, 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 $251,611 home should be assessed near $149,482.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,482 below what the ratio math suggests (11.0%).
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 |
|---|---|---|---|---|
| 546 HURFFVILLE CROSSKEYS | 2025-08 | $315,000 | 1,092 | 52.6% |
| 330 WILSON RD | 2025-03 | $155,000 | 1,414 | 30.4% |
| 177 FRIES MILL RD | 2025-07 | $365,000 | 1,204 | 40.0% |
| 620 COVINGTON CT | 2026-04 | $260,000 | 1,086 | 44.9% |
| 434 ATLANTA CT | 2026-01 | $250,000 | 1,086 | 46.2% |
| 616 COVINGTON CT | 2025-12 | $250,000 | 1,086 | 48.5% |
| 414 ATLANTA CT | 2025-06 | $255,000 | 1,086 | 46.3% |
| 528 CASCADE CT | 2025-05 | $245,000 | 1,086 | 49.3% |
| 518 CASCADE CT | 2025-04 | $250,000 | 1,086 | 45.8% |
| 416 ATLANTA CT | 2025-04 | $250,000 | 1,086 | 45.8% |
| 614 COVINGTON CT | 2025-03 | $242,500 | 1,086 | 47.2% |
| 526 CASCADE CT | 2025-02 | $239,500 | 1,086 | 47.8% |
Is this your house?
Run your own report →