The Fair Share Report
48 Pitman Pl
Washington, NJ 08043
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 $388,121 – $474,201, 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 $421,321 home should be assessed near $250,307.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $42,907 below what the ratio math suggests (17.1%).
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
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 |
|---|---|---|---|---|
| 20 CIDER PRESS LN | 2025-01 | $470,000 | 1,824 | 52.3% |
| 46 MAPLE LEAF CIR | 2026-02 | $365,000 | 1,894 | 60.7% |
| 11 BLOSSOM CT | 2025-06 | $419,000 | 1,770 | 56.9% |
| 117 MAPLE LEAF CIR | 2026-06 | $390,000 | 1,738 | 50.7% |
| 77 MAPLE LEAF CIR | 2026-04 | $375,000 | 1,738 | 52.9% |
| 1755 CONGRESS DR | 2026-02 | $535,000 | 1,880 | 47.0% |
| 11 CLEMENS LN | 2026-04 | $372,000 | 1,948 | 48.1% |
| 5 AUTUMN LN | 2025-05 | $410,000 | 1,709 | 52.7% |
| 61 OLYMPIA LN | 2026-02 | $435,000 | 1,908 | 57.7% |
| 2 MAY APPLE LN | 2025-06 | $388,500 | 1,711 | 54.8% |
| 123 LILLIAN AVE | 2025-11 | $540,000 | 2,040 | 51.9% |
| 43 CASERTA DR | 2026-01 | $440,000 | 1,737 | 52.5% |
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