The Fair Share Report

39 Eugene Ct

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.

Step 1 · Market value

≈ $773,694

Likely range $704,993 – $845,416, from 12 comparable Washington sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

63.37%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $773,694 home should be assessed near $490,290.

Step 3 · Assessed value

$838,400

Set at the last town-wide revaluation and mostly frozen since. That's $348,110 above what the ratio math suggests (71.0%).

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

$2.858 per $100 assessed

$1.780 Schools · 62% $0.343 County · 12% $0.735 Town · 26%

This home's own bill implies $1.635 per $100 — well off the general rate. That usually means the town revalued since the last bill.

Step 5 · The bill

$13,709/yr
Public schools$8,538
Bergen County$1,645
Town of Washington$3,526
Washington average$13,477

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

Town median 92.3%
This home · 108.4%

76%124%

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 $9,949/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
1977 E GLEN AVE2026-02$778,0002,14893.1%
686 KENNEDY DR2026-03$850,0002,15699.0%
61 WOODBURY CT2026-04$715,0002,04091.1%
175 WINCHESTER CT2026-05$810,0002,06886.8%
74 WOODBURY CT2026-04$725,0002,06887.3%
61 WHITE BEECHES DR2025-02$760,0001,99890.1%
63 NORTHGATE RD2025-01$640,0001,970101.2%
683 KENNEDY DR2026-05$750,0001,712106.2%
142 WINDSOR CR2025-04$696,0002,14194.9%
83 HAMPSHIRE RD2026-03$1,089,0002,15884.8%
580 HOOVER AVE2025-02$760,0002,00097.5%
49 SCHOOL ST2026-04$885,0002,09386.1%

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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 →