The Fair Share Report
515 Masterson Ct
Ewing, NJ 08628
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.
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Step 1 · Market value
Likely range $255,000 – $278,117, from 12 comparable Ewing sales in the past 18 months, at this home's 1,089 sq ft.
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 $262,563 home should be assessed near $165,940.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,640 below what the ratio math suggests (12.4%).
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 |
|---|---|---|---|---|
| 313 MASTERSON CT | 2026-01 | $255,000 | 1,089 | 57.0% |
| 315 MASTERSON CT | 2025-09 | $260,000 | 1,089 | 55.9% |
| 539 SILVIA ST | 2025-02 | $249,000 | 1,092 | 53.2% |
| 351 SILVIA ST | 2025-09 | $275,000 | 1,092 | 48.2% |
| 319 SILVIA ST | 2025-07 | $290,000 | 1,092 | 45.7% |
| 76 KYLE WAY | 2025-12 | $320,000 | 1,253 | 47.5% |
| 28 KYLE WAY | 2025-07 | $310,000 | 1,253 | 49.0% |
| 113 KYLE WAY | 2025-04 | $320,000 | 1,253 | 47.8% |
| 335 SILVIA ST | 2026-04 | $265,000 | 1,068 | 48.6% |
| 409 SILVIA ST | 2026-02 | $257,500 | 1,068 | 51.7% |
| 495 SILVIA ST | 2025-08 | $255,000 | 1,068 | 50.5% |
| 349 SILVIA ST | 2025-06 | $289,000 | 1,068 | 44.6% |
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