The Fair Share Report
446 Rt 22
Readington, NJ 08889
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 $343,973 – $554,362, from 12 comparable Readington 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 Readington assessments sit below market value — republished every October, applied town-wide. A $488,793 home should be assessed near $339,369.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $84,369 below what the ratio math suggests (24.9%).
Step 4 · The tax rate — same for every Readington home
$1.708 Schools · 61% $0.506 County · 18% $0.584 Town · 21%
Step 5 · The bill
This home vs. every recent Readington sale · assessed ÷ market
41%85%
Paying about right
This home's ratio lands inside Readington'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 |
|---|---|---|---|---|
| 11 JUNIPER DR | 2026-05 | $600,000 | 1,533 | 56.0% |
| 60 PHLOX CT | 2026-06 | $483,000 | 1,334 | 62.0% |
| 24 DAISY CT | 2026-04 | $550,000 | 1,334 | 54.5% |
| 18 DAISY CT | 2025-06 | $535,000 | 1,334 | 55.7% |
| 234 LOBELIA CT | 2025-02 | $502,500 | 1,334 | 59.7% |
| 11 OLDWICK RD | 2025-05 | $455,000 | 1,161 | 64.2% |
| 1065 BARLEY SHEAF RD | 2025-05 | $615,000 | 1,408 | 47.3% |
| 1062 RT 523 | 2026-03 | $529,900 | 1,170 | 52.8% |
| 1062 RT 523 | 2025-09 | $410,000 | 1,170 | 68.2% |
| 320 SPARROW CT | 2025-07 | $335,000 | 1,232 | 53.6% |
| 354 BURDOCK CT | 2025-07 | $331,000 | 1,232 | 54.2% |
| 272 KINGBIRD CT | 2025-05 | $340,000 | 1,232 | 53.2% |
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