The Fair Share Report
62 E Springtown Rd
Washington, NJ 07853
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 $1,025,180 – $1,242,103, from 12 comparable Washington sales in the past 18 months, at this home's 4,372 sq ft.
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 $1,119,942 home should be assessed near $770,632.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $166,032 below what the ratio math suggests (21.5%).
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
43%85%
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 |
|---|---|---|---|---|
| 19 WELLINGTON DR | 2025-09 | $1,350,000 | 4,399 | 64.4% |
| 16 WILLIAM WAY | 2026-03 | $1,250,000 | 4,552 | 56.5% |
| 15 WOLFE RUN CT FL | 2025-07 | $1,300,628 | 4,578 | 56.5% |
| 3 SHANNON MTN LN | 2025-06 | $960,000 | 4,070 | 72.5% |
| 11 BELROSE CT | 2025-10 | $975,000 | 4,158 | 70.8% |
| 11 RICE LN FL | 2026-03 | $965,000 | 3,816 | 71.6% |
| 33 CHANCELLOR WAY | 2026-04 | $1,200,000 | 4,460 | 66.1% |
| 36 ASCOT DR | 2025-10 | $961,000 | 4,084 | 70.4% |
| 36 W SPRINGTOWN RD | 2026-03 | $1,500,000 | 3,944 | 50.7% |
| 2 GINGER LN | 2025-02 | $1,060,000 | 4,138 | 67.1% |
| 30 HARVEST LN FL | 2025-09 | $999,000 | 4,902 | 77.0% |
| 8 GENTRY DR | 2025-05 | $910,000 | 4,047 | 65.4% |
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