The Fair Share Report

52 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.

Step 1 · Market value

≈ $642,577

Likely range $611,740 – $706,981, from 12 comparable Washington sales in the past 18 months, at this home's 2,242 sq ft.

Step 2 · The Director's Ratio

68.81%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $642,577 home should be assessed near $442,157.

Step 3 · Assessed value

$402,900

Set at the last town-wide revaluation and mostly frozen since. That's $39,257 below what the ratio math suggests (8.9%).

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

$3.003 per $100 assessed

$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%

Step 5 · The bill

$12,099/yr
Public schools$8,631
Morris County$1,289
Town of Washington$2,179
Washington average$13,292

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

Town median 60.2%
This home · 62.7%

46%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)

AddressSoldPriceSq ftRatio
13 OLD FARMERS RD2025-10$620,0002,22850.1%
152 FAIRMOUNT RD2025-09$585,0002,14458.6%
36 MOUNTAIN VIEW AVE2025-11$600,0002,13253.4%
159 KINGS HWY2025-08$600,0002,27052.5%
9 SHADETREE PL2026-01$690,0002,28254.9%
5 MOUNTAIN VIEW AVE2025-09$715,0002,47261.1%
116 OLD FARMERS RD2025-06$510,0002,08058.8%
4 ROSALYN DR2025-02$640,0002,32063.3%
BARTLEY RD2026-06$730,0002,31580.2%
11 FOREST VIEW DR2025-07$523,7502,46869.0%
50 FAWNRIDGE DR2025-09$647,0002,22454.0%
218 BEACON HILL RD2025-12$750,0002,07951.2%

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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 →