The Fair Share Report

35 Eugene Ct

Washington, NJ 07676

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.

Step 1 · Market value

≈ $916,336

Likely range $834,970 – $1,073,416, from 12 comparable Washington sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

63.37%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $916,336 home should be assessed near $580,682.

Step 3 · Assessed value

$952,300

Set at the last town-wide revaluation and mostly frozen since. That's $371,618 above what the ratio math suggests (64.0%).

Step 4 · The tax rate — same for every Washington home

$2.858 per $100 assessed

$1.780 Schools · 62% $0.343 County · 12% $0.735 Town · 26%

This home's own bill implies $1.587 per $100 — well off the general rate. That usually means the town revalued since the last bill.

Step 5 · The bill

$15,110/yr
Public schools$9,411
Bergen County$1,813
Town of Washington$3,886
Washington average$13,477

This home vs. every recent Washington sale · assessed ÷ market

Town median 92.3%
This home · 103.9%

76%120%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (72.88%) — roughly $10,621/yr at stake. NJ appeals are generally due April 1.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
1977 E GLEN AVE2026-02$778,0002,14893.1%
686 KENNEDY DR2026-03$850,0002,15699.0%
89 ANDREA LN2025-01$975,0002,792116.7%
440 COLONIAL BLVD2025-05$1,400,0002,97881.3%
83 HAMPSHIRE RD2026-03$1,089,0002,15884.8%
142 WINDSOR CR2025-04$696,0002,14194.9%
614 MOUNTAIN AVE2026-03$910,0002,59689.9%
65 EDGEWOOD DR2026-04$1,325,0003,01084.8%
175 WINCHESTER CT2026-05$810,0002,06886.8%
74 WOODBURY CT2026-04$725,0002,06887.3%
61 WOODBURY CT2026-04$715,0002,04091.1%
683 KENNEDY DR2026-05$750,0001,712106.2%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →