The Fair Share Report
44 Regulus Dr
Washington, NJ 08012
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 $373,763 – $453,628, 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 $416,289 home should be assessed near $247,317.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,417 below what the ratio math suggests (20.8%).
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
38%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 |
|---|---|---|---|---|
| 102 MASSEY DR | 2026-05 | $476,000 | 1,744 | 49.4% |
| 66 BENTLY DR | 2025-09 | $375,000 | 1,744 | 52.1% |
| 6 ANTARES CT | 2025-08 | $332,000 | 1,734 | 65.5% |
| 50 FOMALHAUT AVE | 2026-01 | $290,000 | 1,748 | 42.8% |
| 63 CRANFORD RD | 2026-01 | $430,000 | 1,819 | 50.6% |
| 25 CRANFORD RD | 2025-03 | $458,000 | 1,819 | 48.3% |
| 125 TRENT RD | 2026-03 | $470,000 | 1,819 | 48.4% |
| 4 FERN RD | 2025-10 | $409,000 | 1,819 | 51.0% |
| 121 BOUND BROOK CT | 2026-03 | $470,000 | 1,842 | 50.6% |
| 15 GREENBRIAR RD | 2025-05 | $210,000 | 1,792 | 97.6% |
| 165 GOLFVIEW DR | 2026-05 | $430,000 | 1,842 | 46.8% |
| 157 GOLFVIEW DR | 2025-09 | $470,000 | 1,842 | 48.1% |
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