The Fair Share Report
613 Covington Ct
Washington, NJ 08028
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 $243,675 – $280,361, 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 $249,309 home should be assessed near $148,114.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,514 below what the ratio math suggests (22.6%).
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
35%74%
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 |
|---|---|---|---|---|
| 620 COVINGTON CT | 2026-04 | $260,000 | 1,086 | 44.9% |
| 434 ATLANTA CT | 2026-01 | $250,000 | 1,086 | 46.2% |
| 616 COVINGTON CT | 2025-12 | $250,000 | 1,086 | 48.5% |
| 414 ATLANTA CT | 2025-06 | $255,000 | 1,086 | 46.3% |
| 528 CASCADE CT | 2025-05 | $245,000 | 1,086 | 49.3% |
| 518 CASCADE CT | 2025-04 | $250,000 | 1,086 | 45.8% |
| 416 ATLANTA CT | 2025-04 | $250,000 | 1,086 | 45.8% |
| 614 COVINGTON CT | 2025-03 | $242,500 | 1,086 | 47.2% |
| 526 CASCADE CT | 2025-02 | $239,500 | 1,086 | 47.8% |
| 1011 HILLSBORO CT | 2026-02 | $275,000 | 1,076 | 59.4% |
| 610 HARTLAND CT | 2026-02 | $299,999 | 1,076 | 53.7% |
| 937 WOODSTOCK CT | 2025-10 | $240,400 | 1,076 | 57.2% |
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