The Fair Share Report

70 Ray St

Ewing, NJ 08638

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

≈ $367,256

Likely range $243,597 – $425,581, from 12 comparable Ewing sales in the past 18 months, at this home's 1,220 sq ft.

Step 2 · The Director's Ratio

63.20%

The state's official measure of how far Ewing assessments sit below market value — republished every October, applied town-wide. A $367,256 home should be assessed near $232,106.

Step 3 · Assessed value

$242,600

Set at the last town-wide revaluation and mostly frozen since. That's $10,494 above what the ratio math suggests (4.5%).

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

$4.051 per $100 assessed

$2.100 Schools · 52% $0.894 County · 22% $1.057 Town · 26%

Step 5 · The bill

$9,828/yr
Public schools$5,095
Mercer County$2,169
Town of Ewing$2,564
Ewing average$8,367

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

Town median 55.0%
This home · 66.1%

39%105%

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)

AddressSoldPriceSq ftRatio
20 ROCKLAND RD2026-03$240,0001,22092.3%
140 CRESCENT AVE2026-05$300,0001,20057.6%
42 RUNNING BROOK RD W2026-04$450,0001,14446.4%
16 BLUE GRASS DR2025-06$380,0001,14453.0%
5 SHELBURNE DR2025-09$390,0001,11843.7%
9 WORTHINGTON DR2025-09$379,9001,16457.1%
1003 TERRACE BLVD2025-01$242,0001,21279.6%
21 DECOU AVE2025-12$420,0001,11644.6%
15 KILMER DR2025-10$351,0001,16653.7%
13 DECOU AVE2026-05$320,0001,11654.4%
33 SHERBROOKE RD2026-04$325,0001,33663.9%
18 DIXFIELD AVE2025-10$180,0001,26990.1%

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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 →