The Fair Share Report

39 E Mill Rd

Washington, NJ 07853

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

≈ $445,379

Likely range $414,368 – $506,390, from 12 comparable Washington sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

68.81%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $445,379 home should be assessed near $306,465.

Step 3 · Assessed value

$229,800

Set at the last town-wide revaluation and mostly frozen since. That's $76,665 below what the ratio math suggests (25.0%).

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

$3.003 per $100 assessed

$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%

Step 5 · The bill

$6,901/yr
Public schools$4,923
Morris County$735
Town of Washington$1,243
Washington average$13,292

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

Town median 60.2%
This home · 51.6%

40%85%

Keep quiet and enjoy it

This home's assessment ratio sits below the Washington pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
177 SCHOOLEYS MTN RD2025-09$355,0001,40466.9%
97 DRAKESTOWN RD2025-11$425,0001,43952.1%
6 N MAPLE AVE2025-09$576,0001,79960.8%
40 W MILL RD2025-06$355,0001,25473.8%
55 EAST AVE2025-03$510,0001,22841.3%
168 OLD TURNPIKE RD2025-01$425,0001,62562.7%
6 LA BONNTY TRL2025-12$380,0001,20853.5%
153 PARKER RD2026-06$530,0001,17642.7%
131 BARTLEY RD2025-10$487,5001,66053.0%
50 KNOB HILL RD2025-04$350,0001,89586.2%
9 MARLIENE RD2025-10$652,5001,62859.3%
1202 MAGNOLIA CT2026-05$465,0001,67657.9%

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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 →