The Fair Share Report
414 Paddock Ct
Washington, NJ 08062
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 $242,689 – $309,851, 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 $283,467 home should be assessed near $168,408.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,308 below what the ratio math suggests (16.2%).
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
40%74%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 320 SURREY CT | 2026-06 | $250,000 | 1,336 | 61.9% |
| 720 SEDGEWICK CT | 2025-05 | $280,000 | 1,336 | 55.2% |
| 21 PEGASUS WAY | 2026-01 | $472,000 | 1,304 | 50.2% |
| 109 COVERED BRIDGE CT | 2025-12 | $310,000 | 1,340 | 52.2% |
| 109 FOMALHAUT AVE | 2026-02 | $289,900 | 1,352 | 39.7% |
| 31 PHOENIX CT | 2025-08 | $193,000 | 1,375 | 65.8% |
| 796 RICHMOND DR | 2026-04 | $380,000 | 1,342 | 51.3% |
| 8 ARK CT | 2026-03 | $290,000 | 1,272 | 43.2% |
| 8 ARK CT | 2025-01 | $270,000 | 1,272 | 46.4% |
| 502 BRIARWOOD CT | 2025-05 | $282,900 | 1,374 | 54.8% |
| 41 CANIS CT | 2025-01 | $255,000 | 1,376 | 45.5% |
| 32 NATURE LN | 2025-12 | $370,000 | 1,320 | 49.4% |
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