The Fair Share Report
5 Wallace Ave
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $292,316 – $421,438, from 12 comparable Ewing 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 Ewing assessments sit below market value — republished every October, applied town-wide. A $380,380 home should be assessed near $240,400.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,900 below what the ratio math suggests (20.8%).
Step 4 · The tax rate — same for every Ewing home
$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%
Step 5 · The bill
This home vs. every recent Ewing sale · assessed ÷ market
39%78%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 991 TERRACE BLVD | 2026-02 | $375,000 | 1,536 | 48.9% |
| 212 NANCY LN | 2025-07 | $515,212 | 1,573 | 44.6% |
| 10 GLEN MAWR DR | 2025-11 | $425,000 | 1,457 | 55.4% |
| 10 OREGON AVE | 2025-08 | $387,000 | 1,520 | 54.4% |
| 844 LOWER FERRY RD | 2025-06 | $350,000 | 1,386 | 44.4% |
| 36 THURSTON AVE | 2025-07 | $455,000 | 1,611 | 58.0% |
| 3 WALLACE AVE | 2025-12 | $325,000 | 1,581 | 53.3% |
| 2 DORSET DR | 2025-06 | $280,000 | 1,368 | 64.1% |
| 145 PALMER LN | 2025-08 | $455,000 | 1,650 | 47.1% |
| 503 EWINGVILLE RD | 2025-01 | $369,900 | 1,458 | 52.0% |
| 19 HARDWICK DR | 2025-11 | $395,000 | 1,442 | 55.2% |
| 1840 PENNINGTON RD | 2025-09 | $285,000 | 1,421 | 71.2% |
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