The Fair Share Report
85 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 $974,060 – $1,174,226, 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 $1,078,956 home should be assessed near $742,430.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $86,730 below what the ratio math suggests (11.7%).
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
46%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 |
|---|---|---|---|---|
| 478 NAUGHRIGHT RD | 2025-01 | $845,000 | 4,147 | 71.6% |
| 1 ELAINE CT | 2025-10 | $1,150,000 | 4,144 | 68.2% |
| 2 GINGER LN | 2025-02 | $1,060,000 | 4,138 | 67.1% |
| 8 GENTRY DR | 2025-05 | $910,000 | 4,047 | 65.4% |
| 36 ASCOT DR | 2025-10 | $961,000 | 4,084 | 70.4% |
| 2 ELAINE CT | 2025-07 | $1,235,000 | 4,530 | 61.8% |
| 44 WELLINGTON DR | 2025-03 | $1,150,000 | 4,116 | 54.0% |
| 19 WELLINGTON DR | 2025-09 | $1,350,000 | 4,399 | 64.4% |
| 12 MIDDLESWORTH FARM RD | 2025-01 | $1,268,000 | 4,873 | 63.1% |
| 3 SHANNON MTN LN | 2025-06 | $960,000 | 4,070 | 72.5% |
| 5 SURREY LN | 2026-04 | $1,350,000 | 4,894 | 52.6% |
| 11 BELROSE CT | 2025-10 | $975,000 | 4,158 | 70.8% |
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