The Fair Share Report
357 Mountain Rd
Readington, NJ 08833
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 $496,642 – $637,252, from 12 comparable Readington 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 Readington assessments sit below market value — republished every October, applied town-wide. A $595,449 home should be assessed near $413,420.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $6,120 below what the ratio math suggests (1.5%).
Step 4 · The tax rate — same for every Readington home
$1.708 Schools · 61% $0.506 County · 18% $0.584 Town · 21%
Step 5 · The bill
This home vs. every recent Readington sale · assessed ÷ market
48%87%
Paying about right
This home's ratio lands inside Readington'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 |
|---|---|---|---|---|
| 45 CEDAR RD | 2025-08 | $635,000 | 1,693 | 69.2% |
| 4 WEATHER HILL | 2024-12 | $735,000 | 1,820 | 60.3% |
| 6 RIDGE RD | 2025-02 | $537,000 | 1,310 | 66.5% |
| 95A DREAHOOK RD | 2026-05 | $550,000 | 1,424 | 64.9% |
| 95 HUCKLEBERRY CT | 2026-04 | $310,000 | 1,664 | 53.4% |
| 10 CLARK LN | 2025-12 | $620,000 | 1,993 | 65.1% |
| 253 LAUREL CT | 2025-09 | $530,000 | 1,722 | 65.1% |
| 85 VIOLET CT | 2025-08 | $502,000 | 1,722 | 67.1% |
| 21 DAISY CT | 2025-07 | $550,000 | 1,722 | 61.4% |
| 44 MYRTLE CT | 2025-01 | $477,500 | 1,722 | 70.7% |
| 1107 SOUTH BRANCH DR | 2026-01 | $615,000 | 1,716 | 59.5% |
| 32 PULASKI RD | 2025-12 | $700,000 | 1,960 | 61.5% |
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