The Fair Share Report
381 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 $596,611 – $747,502, 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 $630,360 home should be assessed near $374,497.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $58,197 below what the ratio math suggests (15.5%).
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
37%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 |
|---|---|---|---|---|
| 9 KENNETH CT | 2026-05 | $821,000 | 2,801 | 47.0% |
| 7 DANBURY LN | 2025-12 | $690,900 | 2,860 | 51.1% |
| 2 RICKLAND DR | 2025-11 | $775,000 | 2,792 | 47.1% |
| 39 NICHOLAS DR | 2025-05 | $652,000 | 2,913 | 55.6% |
| 5 TRAKENNER WALK | 2025-10 | $750,000 | 2,864 | 52.3% |
| 32 STRATTON LN | 2025-12 | $625,000 | 2,684 | 59.0% |
| 13 MORAY LN | 2025-06 | $575,000 | 2,684 | 57.1% |
| 2 DANA DR | 2025-03 | $665,000 | 3,010 | 61.4% |
| 9 LAWRENCE LN | 2025-11 | $555,000 | 2,629 | 56.9% |
| 66 HADDOCK DR | 2025-12 | $600,000 | 2,668 | 53.4% |
| 25 RICKLAND DR | 2025-10 | $729,000 | 2,772 | 42.3% |
| 3 WILTSHIRE DR | 2026-03 | $615,000 | 2,956 | 57.7% |
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