The Fair Share Report

49 E Springtown Rd

Washington, NJ 07853

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.

Step 1 · Market value

≈ $825,028

Likely range $737,117 – $873,095, from 12 comparable Washington sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

68.81%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $825,028 home should be assessed near $567,702.

Step 3 · Assessed value

$462,300

Set at the last town-wide revaluation and mostly frozen since. That's $105,402 below what the ratio math suggests (18.6%).

Step 4 · The tax rate — same for every Washington home

$3.003 per $100 assessed

$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%

Step 5 · The bill

$13,883/yr
Public schools$9,904
Morris County$1,479
Town of Washington$2,500
Washington average$13,292

This home vs. every recent Washington sale · assessed ÷ market

Town median 60.2%
This home · 56.0%

46%85%

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)

AddressSoldPriceSq ftRatio
18 E VALLEY BROOK RD2025-07$605,0002,76758.2%
24 CHURCH RD2026-02$775,0002,88047.2%
65 WEHRLI RD2026-03$835,0002,81056.6%
7 RAMSEY WAY2025-07$880,0003,02658.5%
169 NAUGHRIGHT RD2025-06$795,0002,53652.3%
88 W SPRINGTOWN RD FL2025-09$750,0002,92262.0%
18 CIDER MILL LN2025-07$790,0003,02859.6%
158 FAIRVIEW AVE2025-01$675,0002,46452.1%
11 E GATE RD2025-10$960,0002,80451.2%
5 FIELDSTONE DR FL2026-06$960,0002,67856.9%
19 CIDER MILL LN2025-03$760,0002,72567.3%
43 LONG HILL RD2025-05$765,0002,59263.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →