The Fair Share Report
427 Paddock 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $223,679 – $258,885, from 12 comparable Washington sales in the past 18 months, at this home's 1,016 sq ft.
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 $243,458 home should be assessed near $144,638.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,938 below what the ratio math suggests (7.6%).
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 |
|---|---|---|---|---|
| 425 PADDOCK CT | 2025-03 | $275,000 | 1,016 | 48.6% |
| 42 DOVER CT | 2025-03 | $249,500 | 1,012 | 42.4% |
| 612 YORKSHIRE CT | 2025-05 | $277,000 | 1,038 | 47.3% |
| 32 BUENA CT | 2026-01 | $210,000 | 1,012 | 49.1% |
| 106 CLAIRE CT | 2025-02 | $242,500 | 1,012 | 43.7% |
| 509 CASCADE CT | 2025-12 | $247,500 | 1,022 | 46.3% |
| 609 COVINGTON CT | 2025-04 | $230,000 | 1,022 | 51.4% |
| 447 ATLANTA CT | 2025-03 | $225,000 | 1,022 | 50.9% |
| 635 COVINGTON CT | 2025-01 | $245,000 | 1,022 | 49.5% |
| 118 COVERED BRIDGE CT | 2026-06 | $227,500 | 1,040 | 65.2% |
| 155 COVERED BRIDGE CT | 2025-12 | $265,000 | 1,040 | 48.7% |
| 133 COVERED BRIDGE CT | 2025-07 | $235,000 | 1,040 | 56.3% |
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