The Fair Share Report
5 Eicke Ln
Readington, NJ 08833
The town catches up with market prices only once a year — and only based on the average change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's full record →Check another house →
This home's payments are about right
It sits inside Readington's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $1,135,316 – $1,354,882, 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 $1,205,123 home should be assessed near $836,717.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,583 above what the ratio math suggests (8.0%).
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%85%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 26 CLEARVIEW RD | 2025-12 | $1,350,000 | 4,692 | 72.4% |
| 10 JACOBUS LN | 2026-03 | $1,290,000 | 5,100 | 62.0% |
| 9 TRIMMER RD | 2025-06 | $1,117,000 | 4,335 | 62.7% |
| 11 NEWELL RD | 2026-02 | $1,280,000 | 4,264 | 55.7% |
| 16 OVERLOOK RD | 2025-08 | $1,250,000 | 4,792 | 71.8% |
| 7 NEWELL RD | 2026-06 | $1,208,000 | 4,263 | 58.4% |
| 38 CLEARVIEW RD | 2025-06 | $1,450,000 | 5,177 | 67.2% |
| 12 JOHN STEVENS RD | 2025-11 | $1,205,000 | 5,029 | 66.5% |
| 21 PARTRIDGE RD | 2025-08 | $995,000 | 3,736 | 67.7% |
| 18 FLINTLOCK RD | 2025-12 | $950,000 | 4,213 | 75.2% |
| 17 ISAAC GRAHAM RD | 2025-07 | $1,200,000 | 4,102 | 58.6% |
| 3 SMITH RD | 2025-12 | $1,200,000 | 4,996 | 77.2% |
Is this your house?
Run your own report →