The Fair Share Report
6 Cape Cod Dr
Washington, NJ 08012
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 $291,087 – $416,243, 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 $334,225 home should be assessed near $198,563.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $6,363 below what the ratio math suggests (3.2%).
Step 4 · The tax rate — same for every Washington home
$2.183 Schools · 60% $0.691 County · 19% $0.790 Town · 22%
Step 5 · The bill
This home vs. every recent Washington sale · assessed ÷ market
40%74%
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 |
|---|---|---|---|---|
| 85 GOLFVIEW DR | 2026-05 | $351,000 | 1,591 | 60.6% |
| 15 PEMBROOK DR | 2025-07 | $465,000 | 1,600 | 41.8% |
| 102 FORREST DR | 2026-01 | $422,000 | 1,592 | 45.9% |
| 2 PROCYON RD | 2026-03 | $209,900 | 1,578 | 63.2% |
| 24 FOMALHAUT AVE | 2025-10 | $294,000 | 1,578 | 40.2% |
| 5 FOMALHAUT AVE | 2025-05 | $297,922 | 1,578 | 43.2% |
| 15 FOMALHAUT AVE | 2025-02 | $293,000 | 1,578 | 40.3% |
| 30 DOGWOOD LN | 2025-11 | $415,000 | 1,621 | 52.8% |
| 65 GREENWOOD DR | 2025-03 | $424,900 | 1,621 | 49.6% |
| 10 HAMAL CT | 2026-02 | $295,000 | 1,560 | 39.1% |
| 1039 MERRYMOUNT S | 2025-12 | $350,000 | 1,664 | 59.5% |
| 1015 MERRYMOUNT S | 2025-08 | $295,000 | 1,496 | 74.2% |
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