The Fair Share Report

5 Hampton Ct

Washington, NJ 07424

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

≈ $671,716

Likely range $608,801 – $761,099, from 12 comparable Washington sales in the past 18 months, at this home's 1,737 sq ft.

Step 2 · The Director's Ratio

63.37%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $671,716 home should be assessed near $425,666.

Step 3 · Assessed value

$629,200

Set at the last town-wide revaluation and mostly frozen since. That's $203,534 above what the ratio math suggests (47.8%).

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

$2.858 per $100 assessed

$1.780 Schools · 62% $0.343 County · 12% $0.735 Town · 26%

This home's own bill implies $1.752 per $100 — well off the general rate. That usually means the town revalued since the last bill.

Step 5 · The bill

$11,024/yr
Public schools$6,866
Bergen County$1,323
Town of Washington$2,835
Washington average$13,477

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

Town median 92.3%
This home · 93.7%

76%109%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (72.88%) — roughly $5,817/yr at stake. NJ appeals are generally due April 1.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
26 BRAEBURN DR2025-05$600,0001,72099.8%
57 WHITE BEECHES DR2025-02$570,0001,64997.7%
609 MONROE AVE2026-02$710,0001,83682.2%
683 KENNEDY DR2026-05$750,0001,712106.2%
154 POND DR2025-01$585,0001,56094.3%
63 NORTHGATE RD2025-01$640,0001,970101.2%
669 MC KINLEY AVE2026-05$780,0001,60877.1%
61 WHITE BEECHES DR2025-02$760,0001,99890.1%
665 CALVIN ST2026-02$750,0001,65289.4%
301 S CHESTNUT ST2026-02$850,0001,69286.0%
27 REAGAN WAY2025-05$640,0001,54296.9%
3 SUTTON WAY2025-03$634,5001,54295.8%

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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 →