The Fair Share Report
59 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 $386,582 – $604,297, from 12 comparable Washington 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 Washington assessments sit below market value — republished every October, applied town-wide. A $475,177 home should be assessed near $326,969.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $123,169 below what the ratio math suggests (37.7%).
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
28%85%
Keep quiet and enjoy it
This home's assessment ratio sits below the Washington pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 55 EAST AVE | 2025-03 | $510,000 | 1,228 | 41.3% |
| 153 PARKER RD | 2026-06 | $530,000 | 1,176 | 42.7% |
| 168 OLD TURNPIKE RD | 2025-01 | $425,000 | 1,625 | 62.7% |
| 97 DRAKESTOWN RD | 2025-11 | $425,000 | 1,439 | 52.1% |
| 8 LOWER SUNSET TER | 2025-06 | $560,000 | 1,464 | 51.5% |
| 15 KIM LN | 2025-02 | $550,000 | 1,551 | 56.3% |
| 6 LA BONNTY TRL | 2025-12 | $380,000 | 1,208 | 53.5% |
| 123 E SPRINGTOWN RD | 2025-10 | $545,000 | 1,236 | 47.0% |
| 40 W MILL RD | 2025-06 | $355,000 | 1,254 | 73.8% |
| 35 OLD TURNPIKE RD | 2025-07 | $620,000 | 1,414 | 59.3% |
| 65 SCHOOLEYS MTN RD | 2025-04 | $385,000 | 1,296 | 55.0% |
| 32 FAWNRIDGE DR | 2025-08 | $615,000 | 1,800 | 54.1% |
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