The Fair Share Report
7 Perry Dr
Ewing, NJ 08628
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 $392,433 – $589,536, from 12 comparable Ewing sales in the past 18 months, at this home's 2,587 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 $514,706 home should be assessed near $325,294.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,994 below what the ratio math suggests (7.7%).
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
39%82%
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 |
|---|---|---|---|---|
| 1148 RIVER RD | 2025-07 | $505,000 | 2,517 | 51.8% |
| 194 WOODLAND AVE | 2026-05 | $325,000 | 2,522 | 64.7% |
| 194 WOODLAND AVE | 2025-11 | $305,001 | 2,522 | 68.9% |
| 27 FARM RD | 2025-06 | $672,027 | 2,592 | 56.2% |
| 2 MATTATUCK LN | 2025-02 | $535,000 | 2,689 | 60.1% |
| 34 LOPATCONG DR | 2026-05 | $515,000 | 2,676 | 52.6% |
| 20 DELAWARE AVE | 2026-01 | $545,000 | 2,378 | 54.6% |
| 9 SABRINA DR | 2025-05 | $670,000 | 2,538 | 47.6% |
| 14 CENTRAL AVE E | 2025-07 | $385,000 | 2,538 | 60.9% |
| 4 OLD FORGE LN | 2026-02 | $559,000 | 2,453 | 58.8% |
| 6 HICKORY HILL DR | 2025-10 | $454,818 | 2,526 | 60.4% |
| 2 BYWOOD LN | 2025-01 | $465,000 | 2,524 | 66.0% |
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