The Fair Share Report
623 Covington Ct
Washington, NJ 08043
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 $231,391 – $258,035, 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 $248,221 home should be assessed near $147,468.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,168 below what the ratio math suggests (19.8%).
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
40%74%
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 |
|---|---|---|---|---|
| 324 GEORGIA CT | 2026-01 | $224,000 | 1,124 | 57.2% |
| 242 LORING CT | 2025-09 | $255,000 | 1,124 | 46.3% |
| 318 GEORGIA CT | 2025-09 | $235,000 | 1,124 | 54.5% |
| 318 GEORGIA CT | 2025-06 | $200,000 | 1,124 | 64.0% |
| 214 LORING CT | 2025-04 | $250,000 | 1,124 | 51.2% |
| 93 CLAIRE CT | 2026-03 | $235,000 | 1,108 | 45.5% |
| 87 CLAIRE CT | 2025-06 | $255,000 | 1,108 | 43.0% |
| 140 HAVEN CT | 2025-09 | $249,000 | 1,124 | 51.3% |
| 401 PEPPER MILL CT | 2025-11 | $225,000 | 1,146 | 62.2% |
| 217 PRATT CT | 2025-07 | $250,000 | 1,146 | 52.3% |
| 620 COVINGTON CT | 2026-04 | $260,000 | 1,086 | 44.9% |
| 434 ATLANTA CT | 2026-01 | $250,000 | 1,086 | 46.2% |
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