The Fair Share Report
39 Mill Rd
Readington, NJ 08889
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 $508,925 – $585,533, from 12 comparable Readington 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 Readington assessments sit below market value — republished every October, applied town-wide. A $535,345 home should be assessed near $371,690.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,590 below what the ratio math suggests (12.5%).
Step 4 · The tax rate — same for every Readington home
$1.708 Schools · 61% $0.506 County · 18% $0.584 Town · 21%
Step 5 · The bill
This home vs. every recent Readington sale · assessed ÷ market
48%85%
Paying about right
This home's ratio lands inside Readington'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 |
|---|---|---|---|---|
| 44 PULASKI RD | 2025-12 | $468,000 | 1,406 | 74.7% |
| 268 LAUREL CT | 2026-05 | $550,000 | 1,549 | 59.1% |
| 118 TRILLIUM CT | 2026-03 | $500,000 | 1,549 | 65.0% |
| 251 LAUREL CT | 2025-06 | $475,000 | 1,549 | 68.0% |
| 207 TEASEL CT | 2025-06 | $535,000 | 1,549 | 60.8% |
| 32 PULASKI RD | 2025-12 | $700,000 | 1,960 | 61.5% |
| 703 SOUTH BRANCH DR | 2026-02 | $522,500 | 1,481 | 63.3% |
| 103 WELL SWEEP RD | 2025-10 | $550,000 | 1,481 | 57.1% |
| 1006 SOUTH BRANCH DR | 2025-04 | $550,000 | 1,481 | 56.7% |
| 330 MOUNTAIN RD | 2025-01 | $610,000 | 1,822 | 59.3% |
| 95 HUCKLEBERRY CT | 2026-04 | $310,000 | 1,664 | 53.4% |
| 1023 BARLEY SHEAF RD | 2026-04 | $625,000 | 1,576 | 59.1% |
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