The Fair Share Report
60 Lanning St
Ewing, NJ 07470
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.
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Step 1 · Market value
Likely range $175,168 – $411,971, from 12 comparable Ewing sales in the past 18 months, at this home's 1,288 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Ewing assessments sit below market value — republished every October, applied town-wide. A $278,013 home should be assessed near $175,704.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,704 below what the ratio math suggests (11.2%).
Step 4 · The tax rate — same for every Ewing home
$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%
Step 5 · The bill
This home vs. every recent Ewing sale · assessed ÷ market
32%95%
Paying about right
This home's ratio lands inside Ewing'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 |
|---|---|---|---|---|
| 130 GOULD AVE | 2025-10 | $325,000 | 1,274 | 63.3% |
| 38 RUNNING BROOK RD W | 2025-12 | $565,000 | 1,362 | 40.7% |
| 7 CLIVE CT | 2025-01 | $435,000 | 1,360 | 51.4% |
| 318 SUTHERLAND RD | 2025-08 | $377,500 | 1,440 | 66.9% |
| 860 LOWER FERRY RD #2-K | 2026-04 | $130,000 | 1,276 | 38.3% |
| 860 LOWER FERRY RD #5-F | 2025-04 | $150,000 | 1,276 | 32.9% |
| 42 RUNNING BROOK RD W | 2026-04 | $450,000 | 1,144 | 46.4% |
| 2200 COLUMBIA AVE | 2025-02 | $402,000 | 1,378 | 46.4% |
| 99 PENNWOOD DR | 2025-03 | $170,000 | 1,250 | 101.9% |
| 860 LOWER FERRY RD #6-D | 2025-10 | $150,000 | 1,260 | 40.1% |
| 20 ROCKLAND RD | 2026-03 | $240,000 | 1,220 | 92.3% |
| 2 DORSET DR | 2025-06 | $280,000 | 1,368 | 64.1% |
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