The Fair Share Report

722 River Rd

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.

Step 1 · Market value

≈ $631,103

Likely range $486,787 – $712,705, from 12 comparable Ewing sales in the past 18 months, at this home's 3,209 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 $631,103 home should be assessed near $398,857.

Step 3 · Assessed value

$378,700

Set at the last town-wide revaluation and mostly frozen since. That's $20,157 below what the ratio math suggests (5.1%).

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%

This home's own bill implies $3.852 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$14,588/yr
Public schools$7,562
Mercer County$3,219
Town of Ewing$3,806
Ewing average$8,367

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

Town median 55.0%
This home · 60.0%

39%83%

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
1657-59 PENNINGTON RD2025-09$564,0003,80358.9%
1218 LOWER FERRY RD2025-07$455,0003,03261.7%
2 WOODFERN AVE2025-09$730,0003,27653.6%
14 CENTRAL AVE E2025-07$385,0002,53860.9%
61 WILLIS DR2026-03$620,0002,95458.7%
59 WILLIS DR2025-08$590,0003,00060.3%
20 DELAWARE AVE2026-01$545,0002,37854.6%
2 MATTATUCK LN2025-02$535,0002,68960.1%
34 LOPATCONG DR2026-05$515,0002,67652.6%
2 BYWOOD LN2025-01$465,0002,52466.0%
1419 PENNINGTON RD2026-01$352,0002,32672.2%
15 DUFFIELD DR2025-10$540,0002,99056.6%

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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 →