The Fair Share Report
724 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $326,054 – $467,496, from 12 comparable Ewing 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 Ewing assessments sit below market value — republished every October, applied town-wide. A $410,733 home should be assessed near $259,583.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,683 below what the ratio math suggests (1.8%).
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%84%
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 |
|---|---|---|---|---|
| 63 CARLTON AVE | 2025-07 | $350,000 | 1,920 | 62.0% |
| 37 VAN DUYN DR | 2026-03 | $410,000 | 1,951 | 51.2% |
| 844 RIVER RD | 2025-02 | $489,000 | 1,843 | 59.9% |
| 2046 PENNINGTON RD | 2025-04 | $465,000 | 1,934 | 52.6% |
| 1419 PENNINGTON RD | 2026-01 | $352,000 | 2,326 | 72.2% |
| 77 WOODLAND AVE | 2025-10 | $349,999 | 1,482 | 53.4% |
| 4 WESTWOOD DR | 2025-11 | $510,000 | 1,700 | 53.6% |
| 182 W UPPER FERRY RD | 2025-05 | $320,000 | 1,722 | 72.3% |
| 202 W UPPER FERRY RD | 2025-11 | $360,000 | 1,826 | 67.0% |
| 954 BEAR TAVERN RD | 2025-05 | $450,000 | 1,820 | 53.7% |
| 59 MISTY MORN LN | 2025-04 | $470,000 | 1,700 | 66.0% |
| 2115 PENNINGTON RD | 2025-08 | $475,000 | 1,660 | 71.3% |
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