The Fair Share Report

357 Concord 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.

Step 1 · Market value

≈ $365,360

Likely range $213,224 – $395,464, from 12 comparable Ewing sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

63.20%

The state's official measure of how far Ewing assessments sit below market value — republished every October, applied town-wide. A $365,360 home should be assessed near $230,908.

Step 3 · Assessed value

$214,300

Set at the last town-wide revaluation and mostly frozen since. That's $16,608 below what the ratio math suggests (7.2%).

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

$4.051 per $100 assessed

$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%

Step 5 · The bill

$8,681/yr
Public schools$4,500
Mercer County$1,916
Town of Ewing$2,265
Ewing average$8,367

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

Town median 55.0%
This home · 58.7%

39%106%

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)

AddressSoldPriceSq ftRatio
1740 PROSPECT ST2025-04$380,0001,68042.5%
136 PALMER LN2025-12$380,0001,78050.5%
62 ALBEMARLE AVE2025-06$420,0001,70446.5%
415 SUTHERLAND RD2025-11$428,0001,96551.7%
4 WESTWOOD DR2025-11$510,0001,70053.6%
260 WEBER AVE2025-08$196,0001,61566.3%
257 HOMECREST AVE2025-07$205,0001,60970.2%
37 VAN DUYN DR2026-03$410,0001,95151.2%
20 GILMORE RD2025-06$228,0001,64871.6%
51 FARRELL AVE2026-02$344,0001,72258.6%
768 PARKWAY AVE2026-05$335,0001,53639.3%
605 CONCORD AVE2025-11$450,0001,73661.7%

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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 →