The Fair Share Report
7 Fairmount Dr
Washington, NJ 08081
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 $391,263 – $515,604, 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 $448,451 home should be assessed near $266,425.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $38,825 below what the ratio math suggests (14.6%).
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
39%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 |
|---|---|---|---|---|
| 5 PONY RUN | 2025-07 | $499,000 | 1,972 | 49.9% |
| 314 HILBERT DR | 2025-06 | $394,900 | 1,980 | 65.3% |
| 56 E HOLLY AVE | 2025-05 | $505,000 | 2,000 | 48.1% |
| 34 BORRELLY BLVD | 2025-05 | $470,000 | 1,985 | 51.9% |
| 31 BORRELLY BLVD | 2025-05 | $435,000 | 1,998 | 56.6% |
| 2 BATES CT | 2026-02 | $521,305 | 2,019 | 45.6% |
| 52 BORRELLY BLVD | 2025-05 | $375,000 | 1,928 | 61.3% |
| 15 OXFORD DR | 2026-05 | $530,000 | 2,015 | 55.3% |
| 3 TURNER CT | 2026-03 | $441,000 | 2,000 | 48.2% |
| 61 OLYMPIA LN | 2026-02 | $435,000 | 1,908 | 57.7% |
| 10 LANGLEY DR | 2025-01 | $350,000 | 1,908 | 59.8% |
| 7 WALTON DR | 2025-12 | $550,000 | 2,019 | 43.4% |
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