The Fair Share Report
6 Stuart Ct
Washington, NJ 07853
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Washington's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $813,741 – $960,889, 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 $923,845 home should be assessed near $635,698.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $32,398 below what the ratio math suggests (5.1%).
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
46%85%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 6 WILLIAM WAY FL | 2025-09 | $925,000 | 3,184 | 59.7% |
| 30 SQUIRE HILL RD | 2025-10 | $875,000 | 3,117 | 57.5% |
| 123 W VALLEY BROOK RD | 2026-06 | $800,714 | 2,926 | 57.8% |
| 33 KINGS HWY | 2025-11 | $712,000 | 3,432 | 74.9% |
| 14 CLEARVIEW DR | 2025-10 | $865,000 | 3,008 | 59.9% |
| 45 KINGS HWY | 2025-11 | $825,000 | 3,279 | 62.3% |
| 81 OLD FARMERS RD FL | 2025-01 | $620,000 | 3,198 | 80.7% |
| 125 DRAKESTOWN RD | 2025-09 | $697,000 | 3,366 | 75.5% |
| 281 FAIRVIEW AVE FL | 2025-06 | $890,000 | 3,016 | 64.2% |
| 34 JACKIE DR FL | 2025-05 | $750,000 | 2,659 | 64.3% |
| 18 CIDER MILL LN | 2025-07 | $790,000 | 3,028 | 59.6% |
| 88 W SPRINGTOWN RD FL | 2025-09 | $750,000 | 2,922 | 62.0% |
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