The Fair Share Report
70 E Springtown Rd
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $754,608 – $923,841, from 12 comparable Washington sales in the past 18 months, at this home's 3,541 sq ft.
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 $886,035 home should be assessed near $609,681.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $88,581 below what the ratio math suggests (14.5%).
Step 4 · The tax rate — same for every Washington home
$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%
Step 5 · The bill
This home vs. every recent Washington sale · assessed ÷ market
46%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 33 KINGS HWY | 2025-11 | $712,000 | 3,432 | 74.9% |
| 125 DRAKESTOWN RD | 2025-09 | $697,000 | 3,366 | 75.5% |
| 27 E FOX HILL RD | 2025-07 | $975,000 | 3,464 | 68.3% |
| 45 KINGS HWY | 2025-11 | $825,000 | 3,279 | 62.3% |
| 18 CIDER MILL LN | 2025-07 | $790,000 | 3,028 | 59.6% |
| 2 SAMANTHA LN | 2025-06 | $880,000 | 3,443 | 75.8% |
| 50 MARKHAM DR | 2025-06 | $846,000 | 3,381 | 61.5% |
| 81 OLD FARMERS RD FL | 2025-01 | $620,000 | 3,198 | 80.7% |
| 65 KINGS HWY | 2025-10 | $835,000 | 3,511 | 80.7% |
| 23 YORKSHIRE DR | 2025-04 | $885,000 | 3,654 | 62.7% |
| 7 RAMSEY WAY | 2025-07 | $880,000 | 3,026 | 58.5% |
| 32 NANCY TER | 2026-04 | $800,000 | 3,754 | 76.8% |
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