The Fair Share Report

417 Hazel Ave

Ewing, NJ 08016

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.

Step 1 · Market value

≈ $314,919

Likely range $248,391 – $355,276, from 12 comparable Ewing sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

63.20%

The state's official measure of how far Ewing assessments sit below market value — republished every October, applied town-wide. A $314,919 home should be assessed near $199,029.

Step 3 · Assessed value

$131,000

Set at the last town-wide revaluation and mostly frozen since. That's $68,029 below what the ratio math suggests (34.2%).

Step 4 · The tax rate — same for every Ewing home

$4.051 per $100 assessed

$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%

Step 5 · The bill

$5,307/yr
Public schools$2,751
Mercer County$1,171
Town of Ewing$1,385
Ewing average$8,367

This home vs. every recent Ewing sale · assessed ÷ market

Town median 55.0%
This home · 41.6%

31%78%

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)

AddressSoldPriceSq ftRatio
99 PENNWOOD DR2025-03$170,0001,250101.9%
1003 TERRACE BLVD2025-01$242,0001,21279.6%
117 BROWNING AVE2025-12$290,1011,34461.6%
23 W UPPER FERRY RD2025-03$299,9001,23861.8%
107 SUMMIT AVE2025-02$420,0001,34455.5%
1700 FIFTH ST2025-05$260,0001,28152.0%
47 SOMERSET ST2025-01$185,0001,339117.7%
161 FRANKLYN RD2026-01$357,9001,30845.9%
2 DORSET DR2025-06$280,0001,36864.1%
13 DORSET DR2025-07$356,0001,32848.5%
21 DORSET DR2025-04$337,5001,32852.1%
844 LOWER FERRY RD2025-06$350,0001,38644.4%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →