The Fair Share Report

6 Case Ave

Readington, NJ 08873

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

≈ $554,007

Likely range $524,739 – $574,342, from 12 comparable Readington sales in the past 18 months, at this home's 1,800 sq ft.

Step 2 · The Director's Ratio

69.43%

The state's official measure of how far Readington assessments sit below market value — republished every October, applied town-wide. A $554,007 home should be assessed near $384,647.

Step 3 · Assessed value

$258,500

Set at the last town-wide revaluation and mostly frozen since. That's $126,147 below what the ratio math suggests (32.8%).

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

$2.798 per $100 assessed

$1.708 Schools · 61% $0.506 County · 18% $0.584 Town · 21%

Step 5 · The bill

$7,233/yr
Public schools$4,415
Hunterdon County$1,308
Town of Readington$1,510
Readington average$12,773

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

Town median 62.7%
This home · 46.7%

40%85%

Keep quiet and enjoy it

This home's assessment ratio sits below the Readington 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)

AddressSoldPriceSq ftRatio
14 WHITEHOUSE AVE2025-09$485,0001,52056.8%
53 OLD HWY 282025-10$687,4202,24863.5%
32 OAKLAND DR W2025-11$605,0001,89763.3%
521 RT 5232025-06$553,0001,79761.0%
253 LAUREL CT2025-09$530,0001,72265.1%
85 VIOLET CT2025-08$502,0001,72267.1%
21 DAISY CT2025-07$550,0001,72261.4%
44 MYRTLE CT2025-01$477,5001,72270.7%
1107 SOUTH BRANCH DR2026-01$615,0001,71659.5%
18 KLINE BLVD2025-07$637,5002,43265.3%
95 HUCKLEBERRY CT2026-04$310,0001,66453.4%
1305 SOUTH BRANCH DR2026-05$608,0001,95259.8%

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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 →