The Fair Share Report
416 Paddock Ct
Washington, NJ 08096
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 $254,303 – $326,905, 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 $292,575 home should be assessed near $173,819.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,519 below what the ratio math suggests (14.1%).
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 |
|---|---|---|---|---|
| 330 WILSON RD | 2025-03 | $155,000 | 1,414 | 30.4% |
| 31 PHOENIX CT | 2025-08 | $193,000 | 1,375 | 65.8% |
| 41 CANIS CT | 2025-01 | $255,000 | 1,376 | 45.5% |
| 109 FOMALHAUT AVE | 2026-02 | $289,900 | 1,352 | 39.7% |
| 502 BRIARWOOD CT | 2025-05 | $282,900 | 1,374 | 54.8% |
| 320 SURREY CT | 2026-06 | $250,000 | 1,336 | 61.9% |
| 720 SEDGEWICK CT | 2025-05 | $280,000 | 1,336 | 55.2% |
| 12 WASHINGTON AVE | 2026-02 | $275,000 | 1,464 | 55.6% |
| 137 ALPHA CT | 2025-11 | $250,000 | 1,428 | 51.7% |
| 109 COVERED BRIDGE CT | 2025-12 | $310,000 | 1,340 | 52.2% |
| 2102 TANGLEWOOD CT | 2026-05 | $305,000 | 1,374 | 49.5% |
| 19 INTREPID DR | 2026-01 | $437,500 | 1,480 | 44.2% |
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