The Fair Share Report

39 E Springtown 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

≈ $672,186

Likely range $602,766 – $742,947, 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 $672,186 home should be assessed near $462,531.

Step 3 · Assessed value

$382,300

Set at the last town-wide revaluation and mostly frozen since. That's $80,231 below what the ratio math suggests (17.3%).

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

$11,480/yr
Public schools$8,190
Morris County$1,223
Town of Washington$2,068
Washington average$13,292

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

Town median 60.2%
This home · 56.9%

46%85%

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)

AddressSoldPriceSq ftRatio
158 FAIRVIEW AVE2025-01$675,0002,46452.1%
241 MISSION RD2025-11$532,5002,20057.2%
140 KINGS HWY FL2025-03$643,0002,39858.5%
169 NAUGHRIGHT RD2025-06$795,0002,53652.3%
198A MISSION RD FL2025-11$608,0001,92451.4%
198A MISSION RD FL2025-09$608,0001,92451.4%
10 NANCY TER2025-12$730,0002,29350.9%
6 EVERGREEN PL2025-08$525,0001,91467.0%
1 RIVER TRL2025-08$640,0002,60758.0%
3 BEAVER BROOK DR2026-05$850,0002,39055.3%
105 HACKLEBARNEY RD FL2025-02$625,0002,15967.1%
91 W VALLEY BROOK RD2025-01$727,0002,34862.6%

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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 →