The Fair Share Report
4 Mango Ct
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.
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Step 1 · Market value
Likely range $413,022 – $477,080, 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 $438,170 home should be assessed near $260,317.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $61,917 below what the ratio math suggests (23.8%).
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
36%74%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 3 REGULUS DR | 2025-06 | $410,000 | 1,893 | 49.8% |
| 165 GOLFVIEW DR | 2026-05 | $430,000 | 1,842 | 46.8% |
| 157 GOLFVIEW DR | 2025-09 | $470,000 | 1,842 | 48.1% |
| 8 ALTAIR CT | 2025-01 | $325,000 | 1,912 | 63.0% |
| 121 BOUND BROOK CT | 2026-03 | $470,000 | 1,842 | 50.6% |
| 31 BENTLY DR | 2025-07 | $455,000 | 1,931 | 51.2% |
| 26 OLD YORK RD | 2025-09 | $425,500 | 1,840 | 53.6% |
| 24 CASTOR CT | 2025-06 | $425,000 | 1,918 | 51.5% |
| 4 FERN RD | 2025-10 | $409,000 | 1,819 | 51.0% |
| 125 TRENT RD | 2026-03 | $470,000 | 1,819 | 48.4% |
| 75 HARTFORD RD | 2025-07 | $400,000 | 1,864 | 47.8% |
| 30 URANUS RD | 2026-04 | $432,150 | 1,882 | 50.9% |
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