The Fair Share Report

85 E Mill Rd

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

≈ $523,426

Likely range $480,743 – $591,141, 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 $523,426 home should be assessed near $360,169.

Step 3 · Assessed value

$242,300

Set at the last town-wide revaluation and mostly frozen since. That's $117,869 below what the ratio math suggests (32.7%).

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%

This home's own bill implies $2.900 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$7,026/yr
Public schools$5,012
Morris County$748
Town of Washington$1,265
Washington average$13,292

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

Town median 60.2%
This home · 46.3%

36%85%

Keep quiet and enjoy it

This home's assessment ratio sits below the Washington pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
8 LOWER SUNSET TER2025-06$560,0001,46451.5%
15 KIM LN2025-02$550,0001,55156.3%
21 OVERLOOK DR2025-05$640,0001,66851.8%
123 E SPRINGTOWN RD2025-10$545,0001,23647.0%
2 VALLEY VIEW RD2025-05$500,0001,49451.4%
2 DELMAR TER2025-01$635,0001,90050.9%
9 MARLIENE RD2025-10$652,5001,62859.3%
211 PICKLE RD2026-03$550,0001,30778.2%
47 FAWNRIDGE DR2025-08$610,0001,88053.3%
16 S WASHINGTON VALLEY RD2025-10$660,0001,90048.6%
35 OLD TURNPIKE RD2025-07$620,0001,41459.3%
57 MOUNTAIN VIEW AVE2026-06$665,0001,67052.3%

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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 →