The Fair Share Report

5 Old Forge Ln

Ewing, NJ 08618

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

≈ $438,174

Likely range $223,561 – $469,941, from 12 comparable Ewing sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

63.20%

The state's official measure of how far Ewing assessments sit below market value — republished every October, applied town-wide. A $438,174 home should be assessed near $276,926.

Step 3 · Assessed value

$242,000

Set at the last town-wide revaluation and mostly frozen since. That's $34,926 below what the ratio math suggests (12.6%).

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

$4.051 per $100 assessed

$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%

Step 5 · The bill

$9,803/yr
Public schools$5,082
Mercer County$2,163
Town of Ewing$2,558
Ewing average$8,367

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

Town median 55.0%
This home · 55.2%

39%114%

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)

AddressSoldPriceSq ftRatio
120 SUSSEX ST2026-01$200,0001,64561.2%
56 SHELBURNE DR2026-02$455,0001,63451.5%
14 FARM RD2025-09$450,0001,63257.2%
30 CHELMSFORD CT2026-01$400,0001,60247.9%
2 MCCARTHY DR2025-10$250,0001,58483.0%
11 COREY DR2026-03$485,0001,61051.0%
20 GILMORE RD2025-06$228,0001,64871.6%
42 HAZELHURST AVE2025-10$245,5001,56062.6%
2115 PENNINGTON RD2025-08$475,0001,66071.3%
51 VAN DUYN DR2026-04$415,0001,55855.0%
4 WESTWOOD DR2025-11$510,0001,70053.6%
36 THURSTON AVE2025-07$455,0001,61158.0%

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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 →