The Fair Share Report
357 Walnut St
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $573,108 – $773,613, 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 $631,691 home should be assessed near $400,303.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $190,397 above what the ratio math suggests (47.6%).
Step 4 · The tax rate — same for every Washington home
$1.780 Schools · 62% $0.343 County · 12% $0.735 Town · 26%
This home's own bill implies $1.805 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Washington sale · assessed ÷ market
71%109%
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 $5,442/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 112 FERN ST | 2024-12 | $590,000 | 1,118 | 123.1% |
| 680 MARIANN PL | 2026-01 | $790,000 | 1,180 | 77.2% |
| 573 WILLOW ST | 2026-01 | $855,000 | 1,348 | 78.6% |
| 576 CYPRESS ST | 2025-06 | $785,000 | 1,297 | 86.0% |
| 243 DEVON RD | 2026-03 | $715,000 | 1,476 | 101.5% |
| 103 HICKORY ST | 2026-02 | $750,000 | 1,270 | 83.8% |
| 286 RIDGEWOOD BLVD N | 2026-04 | $650,000 | 1,347 | 100.3% |
| 384 MOUNTAIN AVE | 2026-01 | $775,000 | 1,225 | 82.0% |
| 836 MANHATTAN AVE | 2024-12 | $655,000 | 1,491 | 97.1% |
| 888 EDISON ST | 2026-05 | $668,000 | 1,008 | 92.3% |
| 630 VALLEY CT | 2026-03 | $785,000 | 1,610 | 96.3% |
| 460 RIDGEWOOD RD | 2025-04 | $621,000 | 1,624 | 101.4% |
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