The Fair Share Report
69 Lanning St
Ewing, NJ 08618
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 $255,821 – $344,651, from 12 comparable Ewing sales in the past 18 months, at this home's 988 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 $283,297 home should be assessed near $179,044.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $38,944 below what the ratio math suggests (21.8%).
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
35%78%
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 |
|---|---|---|---|---|
| 21 DECOU AVE | 2025-12 | $420,000 | 1,116 | 44.6% |
| 13 DECOU AVE | 2026-05 | $320,000 | 1,116 | 54.4% |
| 24 GLEN STEWART DR | 2026-04 | $290,000 | 1,120 | 64.9% |
| 1625 FIFTH ST | 2025-07 | $152,500 | 976 | 68.7% |
| 1164 LOWER FERRY RD | 2026-04 | $399,000 | 1,064 | 45.2% |
| 5 SHELBURNE DR | 2025-09 | $390,000 | 1,118 | 43.7% |
| 1075 FIRESIDE AVE | 2025-08 | $320,000 | 1,116 | 74.6% |
| 183 FRANKLYN RD | 2025-08 | $287,000 | 936 | 49.4% |
| 16 BLUE GRASS DR | 2025-06 | $380,000 | 1,144 | 53.0% |
| 115 STRATFORD AVE | 2026-01 | $295,000 | 1,116 | 51.3% |
| 9 WESTON RD | 2026-05 | $382,000 | 1,152 | 37.3% |
| 16 SHELBURNE DR | 2025-04 | $180,000 | 1,118 | 88.0% |
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