The Fair Share Report

50 Pingree 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.

Step 1 · Market value

≈ $347,196

Likely range $232,908 – $402,395, 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 $347,196 home should be assessed near $219,428.

Step 3 · Assessed value

$227,000

Set at the last town-wide revaluation and mostly frozen since. That's $7,572 above what the ratio math suggests (3.5%).

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

$9,196/yr
Public schools$4,767
Mercer County$2,029
Town of Ewing$2,399
Ewing average$8,367

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

Town median 55.0%
This home · 65.4%

39%103%

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
325 CONCORD AVE2025-08$381,1741,68065.7%
260 WEBER AVE2025-08$196,0001,61566.3%
244 PARKWAY AVE2025-06$220,0001,73863.9%
124 NEW HILLCREST AVE2026-05$369,0001,73138.0%
1727 SIXTH ST2025-10$410,0001,64644.9%
585 PARKWAY AVE2025-05$350,0002,06776.3%
37 VAN DUYN DR2026-03$410,0001,95151.2%
1740 PROSPECT ST2025-04$380,0001,68042.5%
1583 PENNINGTON RD2026-01$385,0002,03246.3%
322 BERWYN AVE2025-03$255,0001,69558.7%
605 CONCORD AVE2025-11$450,0001,73661.7%
51 FARRELL AVE2026-02$344,0001,72258.6%

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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 →