The Fair Share Report
51 E Ave
Washington, NJ 07840
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 $366,890 – $538,241, from 12 comparable Washington sales in the past 18 months, at this home's 1,296 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $407,682 home should be assessed near $280,526.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $72,526 below what the ratio math suggests (25.9%).
Step 4 · The tax rate — same for every Washington home
$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%
Step 5 · The bill
This home vs. every recent Washington sale · assessed ÷ market
33%85%
Paying about right
This home's ratio lands inside Washington'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 |
|---|---|---|---|---|
| 97 DRAKESTOWN RD | 2025-11 | $425,000 | 1,439 | 52.1% |
| 153 PARKER RD | 2026-06 | $530,000 | 1,176 | 42.7% |
| 55 EAST AVE | 2025-03 | $510,000 | 1,228 | 41.3% |
| 6 LA BONNTY TRL | 2025-12 | $380,000 | 1,208 | 53.5% |
| 40 W MILL RD | 2025-06 | $355,000 | 1,254 | 73.8% |
| 177 SCHOOLEYS MTN RD | 2025-09 | $355,000 | 1,404 | 66.9% |
| 65 SCHOOLEYS MTN RD | 2025-04 | $385,000 | 1,296 | 55.0% |
| 168 OLD TURNPIKE RD | 2025-01 | $425,000 | 1,625 | 62.7% |
| 6 N MAPLE AVE | 2025-09 | $576,000 | 1,799 | 60.8% |
| 76 N MT LEBANON RD | 2025-11 | $250,000 | 1,046 | 91.9% |
| 84 FAIRVIEW AVE | 2025-06 | $475,000 | 864 | 44.7% |
| 123 E SPRINGTOWN RD | 2025-10 | $545,000 | 1,236 | 47.0% |
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