The Fair Share Report
48 Troy Ave
Ewing, NJ 08045
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 $164,833 – $315,660, from 12 comparable Ewing sales in the past 18 months, at this home's 1,150 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Ewing assessments sit below market value — republished every October, applied town-wide. A $282,324 home should be assessed near $178,429.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,829 below what the ratio math suggests (2.7%).
Step 4 · The tax rate — same for every Ewing home
$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%
Step 5 · The bill
This home vs. every recent Ewing sale · assessed ÷ market
39%111%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 165 HOMECREST AVE | 2025-02 | $282,000 | 1,125 | 43.2% |
| 25 PRESTON AVE | 2026-05 | $325,000 | 1,056 | 48.6% |
| 270 HOMECREST AVE | 2025-04 | $160,000 | 1,227 | 70.9% |
| 21 CLOVER AVE | 2025-11 | $172,000 | 1,200 | 68.6% |
| 226 DRYDEN AVE | 2026-02 | $165,000 | 1,254 | 56.2% |
| 48 HOMESTEAD AVE | 2026-02 | $270,000 | 1,054 | 74.6% |
| 137 ARDSLEY AVE | 2026-03 | $225,000 | 1,152 | 63.1% |
| 220 HOMECREST AVE | 2025-09 | $270,000 | 971 | 40.0% |
| 1625 SIXTH ST | 2025-10 | $250,000 | 1,215 | 47.4% |
| 1 SUSSEX ST | 2025-01 | $300,000 | 1,222 | 68.7% |
| 429 GREENWAY AVE | 2025-07 | $347,500 | 1,266 | 45.4% |
| 213 NEW HILLCREST AVE | 2025-05 | $160,000 | 1,170 | 78.9% |
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