The Fair Share Report
5 Cushetunk Rd
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 $275,093 – $783,036, 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 $592,737 home should be assessed near $411,537.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,163 above what the ratio math suggests (15.8%).
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
48%179%
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 |
|---|---|---|---|---|
| 9 WEAVERS LN | 2026-01 | $700,000 | 2,184 | 63.7% |
| 9 HENDRICK RD | 2026-02 | $565,000 | 2,037 | 85.9% |
| 2 VAN PELT DR | 2025-06 | $725,000 | 2,018 | 63.9% |
| 6 DORSET LN | 2025-06 | $720,000 | 2,064 | 63.3% |
| 18 SUNSET VIEW RD | 2025-08 | $749,900 | 2,286 | 57.9% |
| 2 DEMOTT DR | 2025-07 | $801,500 | 2,160 | 57.1% |
| 262 KINGBIRD CT | 2025-10 | $346,500 | 2,192 | 52.2% |
| 251 NUTHATCH CT | 2025-08 | $319,900 | 2,192 | 55.7% |
| 167 MILKWEED CT | 2025-06 | $349,000 | 2,192 | 51.1% |
| 349 BURDOCK CT | 2025-05 | $307,000 | 2,192 | 59.0% |
| 110 HUCKLEBERRY CT | 2025-04 | $327,500 | 2,192 | 54.4% |
| 333 PHOEBE CT | 2025-03 | $380,000 | 2,192 | 46.9% |
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