The Fair Share Report

8 E Maple Ave

Washington, NJ 07853

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

≈ $568,902

Likely range $477,687 – $624,203, from 12 comparable Washington sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

68.81%

The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $568,902 home should be assessed near $391,461.

Step 3 · Assessed value

$307,000

Set at the last town-wide revaluation and mostly frozen since. That's $84,461 below what the ratio math suggests (21.6%).

Step 4 · The tax rate — same for every Washington home

$3.003 per $100 assessed

$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%

Step 5 · The bill

$9,219/yr
Public schools$6,577
Morris County$982
Town of Washington$1,660
Washington average$13,292

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

Town median 60.2%
This home · 54.0%

44%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)

AddressSoldPriceSq ftRatio
6 N MAPLE AVE2025-09$576,0001,79960.8%
1203 MAGNOLIA CT2025-09$424,9001,86858.5%
2401 DECATUR CT2026-04$560,0002,19255.8%
1202 MAGNOLIA CT2026-05$465,0001,67657.9%
2303 SCARLETT DR2026-02$492,5001,67654.3%
177 SCHOOLEYS MTN RD2025-09$355,0001,40466.9%
45 KNOB HILL RD2026-04$625,0001,96153.8%
50 KNOB HILL RD2025-04$350,0001,89586.2%
12 BLACK RIVER RD2025-01$861,3051,94063.4%
380 W MILL RD2026-04$450,0001,71068.4%
12 HERON DR2025-10$725,0002,40260.2%
38 NESTLING WOOD DR2025-07$623,0002,05852.4%

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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 →