The Fair Share Report
40 Stoneham Rd
Ewing, NJ 08638
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 $576,467 – $888,510, from 12 comparable Ewing 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 Ewing assessments sit below market value — republished every October, applied town-wide. A $692,620 home should be assessed near $437,736.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,864 above what the ratio math suggests (8.0%).
Step 4 · The tax rate — same for every Ewing home
$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%
Step 5 · The bill
This home vs. every recent Ewing sale · assessed ÷ market
39%87%
Paying about right
This home's ratio lands inside Ewing'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 |
|---|---|---|---|---|
| 551 HINCKLE AVE | 2025-01 | $625,000 | 2,856 | 61.8% |
| 41 STONEHAM RD | 2025-04 | $710,000 | 2,513 | 64.5% |
| 1218 LOWER FERRY RD | 2025-07 | $455,000 | 3,032 | 61.7% |
| 2 WOODFERN AVE | 2025-09 | $730,000 | 3,276 | 53.6% |
| 3 SEVEN OAKS LN | 2025-12 | $550,000 | 2,599 | 64.3% |
| 15 DUFFIELD DR | 2025-10 | $540,000 | 2,990 | 56.6% |
| 16 FRAN AVE | 2025-05 | $698,000 | 2,669 | 63.8% |
| 722 RIVER RD | 2025-11 | $580,000 | 3,209 | 65.3% |
| 27 FARM RD | 2025-06 | $672,027 | 2,592 | 56.2% |
| 1657-59 PENNINGTON RD | 2025-09 | $564,000 | 3,803 | 58.9% |
| 61 WILLIS DR | 2026-03 | $620,000 | 2,954 | 58.7% |
| 2 MATTATUCK LN | 2025-02 | $535,000 | 2,689 | 60.1% |
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