The Fair Share Report

7 E Maple Ave

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.

Step 1 · Market value

≈ $525,092

Likely range $475,150 – $600,580, from 12 comparable Washington sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

68.81%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $525,092 home should be assessed near $361,316.

Step 3 · Assessed value

$270,800

Set at the last town-wide revaluation and mostly frozen since. That's $90,516 below what the ratio math suggests (25.1%).

Step 4 · The tax rate — same for every Washington home

$3.003 per $100 assessed

$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%

Step 5 · The bill

$8,132/yr
Public schools$5,801
Morris County$866
Town of Washington$1,465
Washington average$13,292

This home vs. every recent Washington sale · assessed ÷ market

Town median 60.2%
This home · 51.6%

40%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)

AddressSoldPriceSq ftRatio
97 DRAKESTOWN RD2025-11$425,0001,43952.1%
168 OLD TURNPIKE RD2025-01$425,0001,62562.7%
131 BARTLEY RD2025-10$487,5001,66053.0%
9 MARLIENE RD2025-10$652,5001,62859.3%
6 N MAPLE AVE2025-09$576,0001,79960.8%
32 FAWNRIDGE DR2025-08$615,0001,80054.1%
32 FAWNRIDGE DR2025-04$595,0001,80055.9%
23 PAULA DR2025-04$550,0001,81456.2%
15 KIM LN2025-02$550,0001,55156.3%
21 OVERLOOK DR2025-05$640,0001,66851.8%
52 EAST AVE2025-08$643,0002,24262.7%
153 PARKER RD2026-06$530,0001,17642.7%

Is this your house?

Run your own report →

Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →