The Fair Share Report
76 Spring Ln
Washington, NJ 07840
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 $646,588 – $764,147, from 12 comparable Washington 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 Washington assessments sit below market value — republished every October, applied town-wide. A $695,767 home should be assessed near $478,757.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $114,757 below what the ratio math suggests (24.0%).
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
42%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 |
|---|---|---|---|---|
| 32 WINAY TER | 2026-05 | $850,000 | 2,492 | 53.9% |
| 11 PARKVIEW RD | 2025-12 | $660,000 | 2,330 | 67.2% |
| 4 ROSALYN DR | 2025-02 | $640,000 | 2,320 | 63.3% |
| 159 KINGS HWY | 2025-08 | $600,000 | 2,270 | 52.5% |
| 36 FLINTLOCK DR | 2026-04 | $775,000 | 2,296 | 56.3% |
| 31 WINAY TER | 2025-07 | $750,000 | 2,686 | 60.8% |
| 9 SHADETREE PL | 2026-01 | $690,000 | 2,282 | 54.9% |
| 33 DOUGLAS DR | 2026-04 | $775,000 | 2,280 | 56.1% |
| 37 FLINTLOCK DR | 2025-07 | $769,000 | 2,410 | 53.1% |
| 2 POWDER MILL RD | 2025-06 | $699,000 | 2,378 | 57.7% |
| 2 APGAR RD | 2025-07 | $669,000 | 2,526 | 62.5% |
| 8 BUTTONWOOD DR | 2025-10 | $625,000 | 2,484 | 63.7% |
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