The Fair Share Report
7 Hyde Rd
Readington, NJ 08822
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 $807,191 – $1,009,516, from 12 comparable Readington 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 Readington assessments sit below market value — republished every October, applied town-wide. A $905,981 home should be assessed near $629,023.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,223 below what the ratio math suggests (2.6%).
Step 4 · The tax rate — same for every Readington home
$1.708 Schools · 61% $0.506 County · 18% $0.584 Town · 21%
Step 5 · The bill
This home vs. every recent Readington sale · assessed ÷ market
48%85%
Paying about right
This home's ratio lands inside Readington'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 |
|---|---|---|---|---|
| 3 HEIRLOOM RD | 2025-07 | $999,000 | 3,112 | 54.7% |
| 10 EAST DREAHOOK RD | 2025-11 | $875,000 | 3,063 | 74.7% |
| 2 CONSTITUTION WAY | 2026-04 | $812,500 | 3,084 | 64.3% |
| 6 VAN FLEET RD | 2025-12 | $957,000 | 3,014 | 70.1% |
| 7 DELAMETER CT | 2025-02 | $965,000 | 2,896 | 60.2% |
| 5 FIELDSTONE WAY | 2025-06 | $910,000 | 2,854 | 65.2% |
| 14 SHURTS RD | 2025-04 | $901,000 | 3,184 | 59.2% |
| 95 PLEASANT RUN RD | 2026-06 | $780,000 | 3,459 | 78.3% |
| 5 COVENHOVEN RD | 2025-03 | $976,000 | 3,442 | 65.1% |
| 107 HONEYMAN RD | 2026-06 | $900,000 | 3,532 | 72.4% |
| 14 MONFORT LN | 2025-03 | $999,999 | 3,202 | 62.8% |
| 18 BRIER RD | 2025-09 | $928,500 | 3,484 | 80.0% |
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