The Fair Share Report
86 E Springtown 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $454,958 – $592,433, 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 $531,311 home should be assessed near $365,595.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $140,995 below what the ratio math suggests (38.6%).
Step 4 · The tax rate — same for every Washington home
$2.143 Schools · 71% $0.320 County · 11% $0.541 Town · 18%
This home's own bill implies $2.897 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Washington sale · assessed ÷ market
32%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 8 LOWER SUNSET TER | 2025-06 | $560,000 | 1,464 | 51.5% |
| 35 OLD TURNPIKE RD | 2025-07 | $620,000 | 1,414 | 59.3% |
| 15 KIM LN | 2025-02 | $550,000 | 1,551 | 56.3% |
| 2 VALLEY VIEW RD | 2025-05 | $500,000 | 1,494 | 51.4% |
| 123 E SPRINGTOWN RD | 2025-10 | $545,000 | 1,236 | 47.0% |
| 211 PICKLE RD | 2026-03 | $550,000 | 1,307 | 78.2% |
| 21 OVERLOOK DR | 2025-05 | $640,000 | 1,668 | 51.8% |
| 168 OLD TURNPIKE RD | 2025-01 | $425,000 | 1,625 | 62.7% |
| 10 W VALLEY BROOK RD | 2025-04 | $645,000 | 1,726 | 49.7% |
| 76 N MT LEBANON RD | 2025-11 | $250,000 | 1,046 | 91.9% |
| 97 DRAKESTOWN RD | 2025-11 | $425,000 | 1,439 | 52.1% |
| 57 MOUNTAIN VIEW AVE | 2026-06 | $665,000 | 1,670 | 52.3% |
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