The Fair Share Report
8 Arrowhead Rd
Readington, NJ 08889
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 $764,127 – $1,017,806, from 12 comparable Readington 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 Readington assessments sit below market value — republished every October, applied town-wide. A $893,153 home should be assessed near $620,116.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $55,684 above what the ratio math suggests (9.0%).
Step 4 · The tax rate — same for every Readington home
$1.708 Schools · 61% $0.506 County · 18% $0.584 Town · 21%
Step 5 · The bill
This home vs. every recent Readington sale · assessed ÷ market
48%94%
Paying about right
This home's ratio lands inside Readington'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 |
|---|---|---|---|---|
| 3 FLINTLOCK RD | 2025-06 | $760,000 | 3,371 | 88.2% |
| 17 EAST DREAHOOK RD | 2025-12 | $890,000 | 3,732 | 55.3% |
| 15 CEDAR RD | 2025-06 | $750,000 | 3,194 | 76.5% |
| 622 RT 523 | 2025-09 | $875,000 | 2,686 | 64.6% |
| 24 PARTRIDGE RD | 2026-04 | $950,000 | 3,167 | 61.9% |
| 11 FORTY OAKS RD | 2025-11 | $925,793 | 3,432 | 77.5% |
| 14 VAN FLEET RD | 2025-05 | $1,200,000 | 3,534 | 53.5% |
| 14 SHURTS RD | 2025-04 | $901,000 | 3,184 | 59.2% |
| 18 BRIER RD | 2025-09 | $928,500 | 3,484 | 80.0% |
| 95 PLEASANT RUN RD | 2026-06 | $780,000 | 3,459 | 78.3% |
| 2 CONSTITUTION WAY | 2026-04 | $812,500 | 3,084 | 64.3% |
| 107 HONEYMAN RD | 2026-06 | $900,000 | 3,532 | 72.4% |
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