The Fair Share Report
764 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.
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Step 1 · Market value
Likely range $176,256 – $412,324, from 12 comparable Ewing sales in the past 18 months, at this home's 1,296 sq ft.
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 $330,612 home should be assessed near $208,947.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,753 above what the ratio math suggests (31.5%).
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%161%
A touch high — worth watching
This home's ratio sits above most of Ewing, but doesn't clear NJ's legal appeal line (72.68%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 99 PENNWOOD DR | 2025-03 | $170,000 | 1,250 | 101.9% |
| 1003 TERRACE BLVD | 2025-01 | $242,000 | 1,212 | 79.6% |
| 115 STRATFORD AVE | 2026-01 | $295,000 | 1,116 | 51.3% |
| 562 WASHINGTON AVE | 2025-07 | $437,000 | 1,391 | 66.6% |
| 130 GOULD AVE | 2025-10 | $325,000 | 1,274 | 63.3% |
| 860 LOWER FERRY RD #2-K | 2026-04 | $130,000 | 1,276 | 38.3% |
| 860 LOWER FERRY RD #5-F | 2025-04 | $150,000 | 1,276 | 32.9% |
| 42 RUNNING BROOK RD W | 2026-04 | $450,000 | 1,144 | 46.4% |
| 935 BEAR TAVERN RD | 2025-05 | $500,000 | 1,434 | 49.9% |
| 1 HIGHACRES AVE | 2025-10 | $475,000 | 1,493 | 60.2% |
| 7 HINCKLE AVE | 2025-12 | $480,000 | 1,353 | 49.6% |
| 860 LOWER FERRY RD #6-D | 2025-10 | $150,000 | 1,260 | 40.1% |
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