The Fair Share Report
385 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 $691,784 – $840,071, 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 $754,447 home should be assessed near $448,217.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $60,817 below what the ratio math suggests (13.6%).
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
40%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 |
|---|---|---|---|---|
| 3 DOROTHY DR | 2025-10 | $875,000 | 3,513 | 52.5% |
| 24 JOSEPH DR | 2025-05 | $801,000 | 3,315 | 59.8% |
| 3 ARMITAGE CT | 2025-01 | $775,000 | 3,539 | 52.7% |
| 15 ARMITAGE CT | 2025-04 | $725,000 | 3,314 | 56.6% |
| 4 WOOD LAKE CT | 2026-01 | $642,000 | 3,430 | 61.3% |
| 8 STONY BROOK CT | 2025-06 | $665,000 | 3,267 | 63.7% |
| 4 ANGEL HILL CT | 2025-06 | $745,000 | 3,391 | 49.6% |
| 261 WILSON RD | 2025-07 | $760,000 | 3,752 | 54.6% |
| 18 TAMWOOD LN | 2025-06 | $800,000 | 3,309 | 48.0% |
| 8 ELK CT | 2026-01 | $830,000 | 3,290 | 53.7% |
| 5 TERNBERRY CT | 2025-06 | $850,000 | 3,549 | 53.8% |
| 43 JOSEPH DR | 2025-08 | $815,000 | 3,751 | 51.8% |
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