The Fair Share Report
9 Bates Ct
Washington, NJ 08062
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 $498,517 – $583,857, 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 $534,472 home should be assessed near $317,530.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,330 below what the ratio math suggests (12.4%).
Step 4 · The tax rate — same for every Washington home
$2.183 Schools · 60% $0.691 County · 19% $0.790 Town · 22%
Step 5 · The bill
This home vs. every recent Washington sale · assessed ÷ market
40%74%
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 |
|---|---|---|---|---|
| 51 GREENLEIGH DR | 2025-02 | $455,000 | 2,406 | 58.4% |
| 408 TIMOTHY TER | 2025-08 | $525,000 | 2,328 | 49.4% |
| 20 APPLETREE LN | 2026-02 | $520,000 | 2,436 | 52.0% |
| 14 WHITE PINE DR | 2025-03 | $517,500 | 2,440 | 50.1% |
| 208 DORADO AVE | 2025-09 | $664,500 | 2,330 | 41.3% |
| 76 APPLETREE LN | 2026-03 | $550,000 | 2,464 | 51.3% |
| 4 SADDLEBROOK DR | 2025-09 | $485,000 | 2,275 | 54.1% |
| 2 BRIDLE LN | 2025-09 | $555,000 | 2,275 | 50.4% |
| 13 STAG RUN | 2025-03 | $536,000 | 2,275 | 55.1% |
| 15 JOANN CT | 2025-06 | $525,000 | 2,328 | 52.0% |
| 16 ELIZABETH CT | 2025-07 | $458,000 | 2,456 | 57.8% |
| 5 GALOUBET WALK | 2026-06 | $628,000 | 2,340 | 47.6% |
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